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Future Trend Analysis Report

Prepared for you on Saturday, November 16, 2019.

CRUDE OIL Dec 2019 (NYMEX:CL.Z19)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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.Z19
Open High Low CL.Z19 Price Change
56.91 57.97 56.43 57.89 +0.99
Entry Signal

MarketClub’s Trade Triangles for CL.Z19

long term down The long term trend has been DOWN since Oct 9th, 2019 at 51.89

intermediate term up The intermediate term trend has been UP since Oct 25th, 2019 at 56.40

short term down The short term trend has been DOWN since Nov 15th, 2019 at 56.59

Smart Scan Analysis for CL.Z19

Based on a pre-defined weighted trend formula for chart analysis, CL.Z19 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for CL.Z19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.91 57.97 56.43 57.89 +0.99
Prev. Close Volume Bid Ask Time
53.64 350011 2019-11-15 16:58:53
First Delivery2019-12-31Expiration2019-11-20
Open Time18:00Close Time17:00
Want to analyze CRUDE OIL Dec 2019 CL.Z19 or another symbol? Try our Free Future Trend Analysis Report.