Future Trend Analysis Report
Prepared for you on Tuesday, June 18, 2019.
CRUDE OIL Jul 2020 (NYMEX:CL.N20)
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.N20
The long term trend has been DOWN since May 31st, 2019 at 54.44
The intermediate term trend has been DOWN since May 2nd, 2019 at 59.96
The short term trend has been UP since Jun 10th, 2019 at 52.50
Smart Scan Analysis for CL.N20
Based on a pre-defined weighted trend formula for chart analysis, CL.N20 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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