Spread Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
CRUDE OIL Nov 2019/BZ Spread (NYMEX:CL.X19_BZ.X19)
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.X19_BZ.X19
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.X19_BZ.X19
Based on a pre-defined weighted trend formula for chart analysis, CL.X19_BZ.X19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||18:00||Close Time||17:00|