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.
MarketClub’s Trade Triangles for CL.Z19
The long term trend has been DOWN since Oct 9th, 2019 at 51.89
The intermediate term trend has been UP since Oct 25th, 2019 at 56.40
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).
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