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Spread Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

CRUDE OIL Oct 2019/Nov 2019 Spread (NYMEX:CL.V19_X19)

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.

NYMEX_CL.V19_X19
Open High Low CL.V19_X19 Price Change
-0.03 0.05 -0.15 -0.14 -0.17
Entry Signal

MarketClub’s Trade Triangles for CL.V19_X19

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.V19_X19

Based on a pre-defined weighted trend formula for chart analysis, CL.V19_X19 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for CL.V19_X19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.03 0.05 -0.15 -0.14 -0.17
Prev. Close Volume Bid Ask Time
0.09 16879 2019-09-20 14:27:44
Open Time18:00Close Time17:00
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