Future Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
CRUDE OIL Apr 2019 (NYMEX:CL.J19)
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 CL.J19
The long term trend has been DOWN since Nov 6th, 2018 at 62.66
The intermediate term trend has been UP since Jan 9th, 2019 at 52.34
The short term trend has been UP since Jan 16th, 2019 at 52.74
Smart Scan Analysis for CL.J19
Based on a pre-defined weighted trend formula for chart analysis, CL.J19 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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