Future Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
CRUDE OIL May 2019 (NYMEX:CL.K19)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 CL.K19
The long term trend has been DOWN since Nov 6th, 2018 at 62.47
The intermediate term trend has been UP since Jan 9th, 2019 at 52.61
The short term trend has been DOWN since Jan 22nd, 2019 at 53.07
Smart Scan Analysis for CL.K19
Based on a pre-defined weighted trend formula for chart analysis, CL.K19 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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