Future Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
CRUDE OIL (E-MINI) Nov 2018 (E) (NYMEX:QM.X18.E)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 QM.X18.E
The long term trend has been UP since Sep 5th, 2017 at 50.525
The intermediate term trend has been DOWN since Oct 17th, 2018 at 70.650
The short term trend has been DOWN since Oct 10th, 2018 at 73.100
Smart Scan Analysis for QM.X18.E
Based on a pre-defined weighted trend formula for chart analysis, QM.X18.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||76.9||Contract High Date||2018-10-03|
|Contract Low||48.3||Contract Low Date||2017-08-28|
|Estimated Volume||17638||First Delivery||2018-11-30|