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Spread Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

CRUDE OIL May 2020/Aug 2020 Spread (NYMEX:CL.K20_Q20)

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.

NYMEX_CL.K20_Q20
Open High Low CL.K20_Q20 Price Change
1.37 1.58 1.29 1.52 +0.12
Entry Signal

MarketClub’s Trade Triangles for CL.K20_Q20

long term down The long term trend has been DOWN since at

intermediate term down The intermediate term trend has been DOWN since at

short term down The short term trend has been DOWN since at

Smart Scan Analysis for CL.K20_Q20

Based on a pre-defined weighted trend formula for chart analysis, CL.K20_Q20 scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for CL.K20_Q20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.37 1.58 1.29 1.52 +0.12
Prev. Close Volume Bid Ask Time
1.52 893 2019-12-06 16:14:20
Open Time18:00Close Time17:00
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