Futopt Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
CRUDE OIL Jun 2020 8000 Call (NYMEX:LO.M20.8000C)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 LO.M20.8000C
The long term trend has been DOWN since at
The intermediate term trend has been DOWN since at
The short term trend has been DOWN since at
Smart Scan Analysis for LO.M20.8000C
Based on a pre-defined weighted trend formula for chart analysis, LO.M20.8000C scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||3.52||Contract High Date||2018-10-08|
|Contract Low||1.55||Contract Low Date||2018-08-15|
|Estimated Volume||5||Strike Price||80|