Spread Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
CRUDE OIL Oct 2019/Jun 2020 Spread (NYMEX:CL.V19_M20)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.V19_M20
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.V19_M20
Based on a pre-defined weighted trend formula for chart analysis, CL.V19_M20 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||09:00||Close Time||14:30|