Future Trend Analysis Report
Prepared for you on Wednesday, January 18, 2017.
CRUDE OIL Nov 2017 (E) (NYMEX:CL.X17.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 CL.X17.E
The long term trend has been UP since Oct 6th, 2016 at 53.87
The intermediate term trend has been DOWN since Jan 10th, 2017 at 55.37
The short term trend has been DOWN since Jan 3rd, 2017 at 56.82
Smart Scan Analysis for CL.X17.E
Based on a pre-defined weighted trend formula for chart analysis, CL.X17.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||88.3||Contract High Date||2012-05-02|
|Contract Low||40.9||Contract Low Date||2016-01-15|
|Estimated Volume||878||First Delivery||2017-11-30|