Spread Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
CRUDE OIL Oct 2020/Dec 2020 Spread (NYMEX:CL.V20_Z20)
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.V20_Z20
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_Z20
Based on a pre-defined weighted trend formula for chart analysis, CL.V20_Z20 scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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