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Future Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

CRUDE OIL Jun 2020 (NYMEX:CL.M20)

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.

NYMEX_CL.M20
Open High Low CL.M20 Price Change
57.27 57.54 56.66 57.46 +0.15
Entry Signal

MarketClub’s Trade Triangles for CL.M20

long term down The long term trend has been DOWN since Oct 2nd, 2019 at 50.73

intermediate term up The intermediate term trend has been UP since Oct 23rd, 2019 at 53.76

short term up The short term trend has been UP since Dec 4th, 2019 at 55.29

Smart Scan Analysis for CL.M20

Based on a pre-defined weighted trend formula for chart analysis, CL.M20 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for CL.M20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
57.27 57.54 56.66 57.46 +0.15
Prev. Close Volume Bid Ask Time
57.31 25771 2019-12-09 13:44:50
First Delivery2020-06-30Expiration2020-05-19
Open Time18:00Close Time17:00
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