Future Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
CRUDE OIL Dec 2024 (E) (NYMEX:CL.Z24.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.Z24.E
The long term trend has been UP since Jan 9th, 2018 at 52.94
The intermediate term trend has been DOWN since Oct 12th, 2018 at 56.23
The short term trend has been UP since Nov 6th, 2018 at 54.93
Smart Scan Analysis for CL.Z24.E
Based on a pre-defined weighted trend formula for chart analysis, CL.Z24.E scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||58.77||Contract High Date||2016-09-28|
|Contract Low||48||Contract Low Date||2016-01-20|
|Estimated Volume||900||First Delivery||2024-12-31|