Future Trend Analysis Report
Prepared for you on Wednesday, June 26, 2019.
CRUDE OIL Apr 2020 (NYMEX:CL.J20)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 Jun 24th, 2019 at 56.48
The short term trend has been UP since Jun 18th, 2019 at 53.23
Smart Scan Analysis for CL.J20
Based on a pre-defined weighted trend formula for chart analysis, CL.J20 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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