Index Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
IPATH PURE BETA CRUDE OIL ET IV (PACF:OLEM.IV)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 OLEM.IV
The long term trend has been UP since Sep 14th, 2017 at 15.0410
The intermediate term trend has been UP since Jun 26th, 2018 at 20.5060
The short term trend has been DOWN since Jul 11th, 2018 at 20.7093
Smart Scan Analysis for OLEM.IV
Based on a pre-defined weighted trend formula for chart analysis, OLEM.IV scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||21.9455||52wk High Date||2018-05-22|
|52wk Low||13.6719||52wk Low Date||2017-07-24|