Future Trend Analysis Report
Prepared for you on Thursday, July 20, 2017.
CRUDE OIL Jan 2018 (E) (NYMEX:CL.F18.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 CL.F18.E
The long term trend has been DOWN since Mar 8th, 2017 at 54.04
The intermediate term trend has been UP since Jul 3rd, 2017 at 47.90
The short term trend has been UP since Jul 12th, 2017 at 46.45
Smart Scan Analysis for CL.F18.E
Based on a pre-defined weighted trend formula for chart analysis, CL.F18.E scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||79.68||Contract High Date||2014-11-12|
|Contract Low||37.92||Contract Low Date||2016-01-20|
|Estimated Volume||7185||First Delivery||2018-01-31|