Future Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
CRUDE OIL Apr 2020 (NYMEX:CL.J20)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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 CL.J20
The long term trend has been DOWN since May 30th, 2019 at 55.84
The intermediate term trend has been UP since Sep 5th, 2019 at 55.32
The short term trend has been DOWN since Sep 11th, 2019 at 54.99
Smart Scan Analysis for CL.J20
Based on a pre-defined weighted trend formula for chart analysis, CL.J20 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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