Spread Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
CRUDE OIL Jul 2020/Sep 2020 Spread (NYMEX:CL.N20_U20)
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.N20_U20
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.N20_U20
Based on a pre-defined weighted trend formula for chart analysis, CL.N20_U20 scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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