Future Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
CRUDE OIL Jun 2022 (NYMEX:CL.M22)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.M22
The long term trend has been DOWN since Nov 20th, 2018 at 55.94
The intermediate term trend has been UP since Dec 6th, 2019 at 52.18
The short term trend has been UP since Dec 4th, 2019 at 51.94
Smart Scan Analysis for CL.M22
Based on a pre-defined weighted trend formula for chart analysis, CL.M22 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||18:00||Close Time||17:00|