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Future Trend Analysis Report

Prepared for you on Tuesday, July 23, 2019.

CRUDE OIL Aug 2019 (NYMEX:CL.Q19)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.Q19
Open High Low CL.Q19 Price Change
56.22 56.84 55.72 56.12 +0.49
Entry Signal

MarketClub’s Trade Triangles for CL.Q19

long term down The long term trend has been DOWN since May 31st, 2019 at 54.25

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2019 at 56.24

short term up The short term trend has been UP since Jul 22nd, 2019 at 56.36

Smart Scan Analysis for CL.Q19

Based on a pre-defined weighted trend formula for chart analysis, CL.Q19 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for CL.Q19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.22 56.84 55.72 56.12 +0.49
Prev. Close Volume Bid Ask Time
59.26 17045 2019-07-22 14:29:32
First Delivery2019-08-31Expiration2019-07-22
Open Time09:00Close Time14:30
Want to analyze CRUDE OIL Aug 2019 CL.Q19 or another symbol? Try our Free Future Trend Analysis Report.