Future Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
CRUDE OIL Aug 2020 (E) (NYMEX:CL.Q20.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.Q20.E
The long term trend has been UP since Nov 8th, 2017 at 51.40
The intermediate term trend has been DOWN since Oct 23rd, 2018 at 65.55
The short term trend has been DOWN since Oct 23rd, 2018 at 65.55
Smart Scan Analysis for CL.Q20.E
Based on a pre-defined weighted trend formula for chart analysis, CL.Q20.E scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||66.27||Contract High Date||2018-10-11|
|Contract Low||49.9||Contract Low Date||2017-10-04|
|Estimated Volume||118||First Delivery||2020-08-31|