Future Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
CRUDE OIL Dec 2019 (NYMEX:CL.Z19)
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.Z19
The long term trend has been DOWN since Nov 13th, 2018 at 60.80
The intermediate term trend has been DOWN since Oct 23rd, 2018 at 67.40
The short term trend has been DOWN since Dec 14th, 2018 at 53.19
Smart Scan Analysis for CL.Z19
Based on a pre-defined weighted trend formula for chart analysis, CL.Z19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||09:00||Close Time||14:30|