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Future Trend Analysis Report

Prepared for you on Wednesday, February 21, 2018.

CRUDE OIL Dec 2023 (E) (NYMEX:CL.Z23.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.

NYMEX_CL.Z23.E
Open High Low CL.Z23.E Price Change
50.59 50.59 50.59 51.18 +0.60
Entry Signal

MarketClub’s Trade Triangles for CL.Z23.E

long term down The long term trend has been DOWN since Feb 9th, 2018 at 49.51

intermediate term down The intermediate term trend has been DOWN since Jan 31st, 2018 at 52.29

short term up The short term trend has been UP since Feb 13th, 2018 at 50.13

Smart Scan Analysis for CL.Z23.E

Based on a pre-defined weighted trend formula for chart analysis, CL.Z23.E scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for CL.Z23.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.59 50.59 50.59 51.18 +0.60
Prev. Close Volume Bid Ask Time
51.18 1 2018-02-20 14:44:00
Contract High67.55Contract High Date2015-07-06
Contract Low46.32Contract Low Date2016-01-20
Estimated Volume1First Delivery2023-12-31
Expiration2023-11-21Open Time18:00
Close Time17:00
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