Future Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
CRUDE OIL Dec 2023 (E) (NYMEX:CL.Z23.E)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.Z23.E
The long term trend has been UP since May 15th, 2018 at 52.76
The intermediate term trend has been UP since Jul 24th, 2018 at 55.20
The short term trend has been UP since Aug 14th, 2018 at 55.24
Smart Scan Analysis for CL.Z23.E
Based on a pre-defined weighted trend formula for chart analysis, CL.Z23.E scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||67.55||Contract High Date||2015-07-06|
|Contract Low||46.32||Contract Low Date||2016-01-20|
|Estimated Volume||2||First Delivery||2023-12-31|