Spread Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
CRUDE OIL Jun 2020/Jun 2021 Spread (NYMEX:CL.M20_M21)
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.M20_M21
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.M20_M21
Based on a pre-defined weighted trend formula for chart analysis, CL.M20_M21 scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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