Future Trend Analysis Report
Prepared for you on Friday, August 18, 2017.
CRUDE OIL Dec 2019 (E) (NYMEX:CL.Z19.E)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.Z19.E
The long term trend has been DOWN since Mar 8th, 2017 at 52.87
The intermediate term trend has been DOWN since Aug 11th, 2017 at 48.90
The short term trend has been UP since Aug 18th, 2017 at 49.19
Smart Scan Analysis for CL.Z19.E
Based on a pre-defined weighted trend formula for chart analysis, CL.Z19.E scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||107.26||Contract High Date||2011-05-02|
|Contract Low||42.51||Contract Low Date||2016-01-20|
|Estimated Volume||482||First Delivery||2019-12-31|