Future Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
CRUDE OIL Feb 2018 (E) (NYMEX:CL.G18.E)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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.G18.E
The long term trend has been UP since Sep 14th, 2017 at 50.83
The intermediate term trend has been DOWN since Oct 9th, 2017 at 49.94
The short term trend has been DOWN since Oct 19th, 2017 at 51.84
Smart Scan Analysis for CL.G18.E
Based on a pre-defined weighted trend formula for chart analysis, CL.G18.E scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||57.49||Contract High Date||2017-01-06|
|Contract Low||38.28||Contract Low Date||2016-01-20|
|Estimated Volume||6207||First Delivery||2018-02-28|