Future Trend Analysis Report
Prepared for you on Monday, November 12, 2018.
CRUDE OIL BRENT LAST DAY Nov 2019 (E) (NYMEX:BZ.X19.E)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.X19.E
The long term trend has been UP since Aug 31st, 2017 at 54.28
The intermediate term trend has been DOWN since Oct 18th, 2018 at 76.84
The short term trend has been DOWN since Oct 30th, 2018 at 75.41
Smart Scan Analysis for BZ.X19.E
Based on a pre-defined weighted trend formula for chart analysis, BZ.X19.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||77.34||Contract High Date||2018-10-11|
|Contract Low||71.49||Contract Low Date||2018-11-02|
|Open Time||09:00||Close Time||14:30|