Future Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
CRUDE OIL Dec 2020 (NYMEX:CL.Z20)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.Z20
The long term trend has been DOWN since Nov 13th, 2018 at 58.17
The intermediate term trend has been UP since Jan 8th, 2019 at 53.73
The short term trend has been UP since Jan 16th, 2019 at 54.26
Smart Scan Analysis for CL.Z20
Based on a pre-defined weighted trend formula for chart analysis, CL.Z20 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||09:00||Close Time||14:30|