Future Trend Analysis Report
Prepared for you on Wednesday, March 29, 2017.
CRUDE OIL Dec 2017 (E) (NYMEX:CL.Z17.E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.Z17.E
The long term trend has been DOWN since Mar 8th, 2017 at 52.83
The intermediate term trend has been DOWN since Jan 10th, 2017 at 55.32
The short term trend has been UP since Mar 28th, 2017 at 49.97
Smart Scan Analysis for CL.Z17.E
Based on a pre-defined weighted trend formula for chart analysis, CL.Z17.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||107.3||Contract High Date||2011-05-02|
|Contract Low||37.73||Contract Low Date||2016-01-20|
|Estimated Volume||5955||First Delivery||2017-12-31|