Future Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
CRUDE OIL (E-MINI) Sep 2019 (NYMEX:QM.U19)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 QM.U19
The long term trend has been DOWN since Nov 9th, 2018 at 61.85
The intermediate term trend has been UP since Jan 7th, 2019 at 51.30
The short term trend has been UP since Jan 7th, 2019 at 49.65
Smart Scan Analysis for QM.U19
Based on a pre-defined weighted trend formula for chart analysis, QM.U19 scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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