Future Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
CRUDE OIL Dec 2023 (NYMEX:CL.Z23)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.Z23
The long term trend has been DOWN since Nov 20th, 2018 at 54.54
The intermediate term trend has been DOWN since May 2nd, 2019 at 54.00
The short term trend has been DOWN since May 2nd, 2019 at 54.00
Smart Scan Analysis for CL.Z23
Based on a pre-defined weighted trend formula for chart analysis, CL.Z23 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||09:00||Close Time||14:30|