Future Trend Analysis Report
Prepared for you on Thursday, July 20, 2017.
CRUDE OIL BRENT LAST DAY Oct 2017 (E) (NYMEX:BZ.V17.E)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.V17.E
The long term trend has been DOWN since Mar 8th, 2017 at 55.48
The intermediate term trend has been UP since Jul 3rd, 2017 at 49.51
The short term trend has been UP since Jul 12th, 2017 at 48.07
Smart Scan Analysis for BZ.V17.E
Based on a pre-defined weighted trend formula for chart analysis, BZ.V17.E scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||60.21||Contract High Date||2015-09-09|
|Contract Low||44.98||Contract Low Date||2017-06-21|
|Open Time||18:00||Close Time||17:00|