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Future Trend Analysis Report

Prepared for you on Friday, October 20, 2017.

CRUDE OIL Dec 2019 (E) (NYMEX:CL.Z19.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.

NYMEX_CL.Z19.E
Open High Low CL.Z19.E Price Change
50.32 50.42 50.29 50.35 +0.07
Entry Signal

MarketClub’s Trade Triangles for CL.Z19.E

long term up The long term trend has been UP since Sep 18th, 2017 at 51.39

intermediate term down The intermediate term trend has been DOWN since Oct 2nd, 2017 at 50.06

short term down The short term trend has been DOWN since Oct 17th, 2017 at 50.34

Smart Scan Analysis for CL.Z19.E

Based on a pre-defined weighted trend formula for chart analysis, CL.Z19.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CL.Z19.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.32 50.42 50.29 50.35 +0.07
Prev. Close Volume Bid Ask Time
50.31 22 2017-10-19 14:55:27
Contract High107.26Contract High Date2011-05-02
Contract Low42.51Contract Low Date2016-01-20
Estimated Volume2266First Delivery2019-12-31
Expiration2019-11-20Open Time18:00
Close Time17:00
Want to analyze CRUDE OIL Dec 2019 (E) CL.Z19.E or another symbol? Try our Free Future Trend Analysis Report.