Spread Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
CRUDE OIL Oct 2020/Nov 2020 Spread (NYMEX:CL.V20_X20)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.V20_X20
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.V20_X20
Based on a pre-defined weighted trend formula for chart analysis, CL.V20_X20 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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