Future Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
CRUDE OIL Jul 2020 (NYMEX:CL.N20)
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.N20
The long term trend has been DOWN since May 31st, 2019 at 54.44
The intermediate term trend has been UP since Oct 23rd, 2019 at 53.50
The short term trend has been UP since Nov 21st, 2019 at 55.71
Smart Scan Analysis for CL.N20
Based on a pre-defined weighted trend formula for chart analysis, CL.N20 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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