Spread Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
CRUDE OIL May 2019/Sep 2019 Spread (NYMEX:CL.K19_U19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.K19_U19
The long term trend has been DOWN since at
The intermediate term trend has been DOWN since at
The short term trend has been DOWN since at
Smart Scan Analysis for CL.K19_U19
Based on a pre-defined weighted trend formula for chart analysis, CL.K19_U19 scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||09:00||Close Time||14:30|