Future Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
CRUDE OIL BRENT LAST DAY Jul 2019 (E) (NYMEX:BZ.N19.E)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BZ.N19.E
The long term trend has been UP since Aug 31st, 2017 at 54.04
The intermediate term trend has been UP since Aug 24th, 2018 at 74.41
The short term trend has been DOWN since Oct 11th, 2018 at 82.02
Smart Scan Analysis for BZ.N19.E
Based on a pre-defined weighted trend formula for chart analysis, BZ.N19.E scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||83.17||Contract High Date||2018-10-04|
|Contract Low||54.96||Contract Low Date||2017-10-17|
|Open Time||09:00||Close Time||14:30|