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Spread Trend Analysis Report

Prepared for you on Friday, February 22, 2019.

CRUDE OIL Dec 2019/Jun 2021 Spread (NYMEX:CL.Z19_M21)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.Z19_M21
Open High Low CL.Z19_M21 Price Change
2.44 2.44 2.44 2.44 +0.12
Entry Signal

MarketClub’s Trade Triangles for CL.Z19_M21

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.Z19_M21

Based on a pre-defined weighted trend formula for chart analysis, CL.Z19_M21 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for CL.Z19_M21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.44 2.44 2.44 2.44 +0.12
Prev. Close Volume Bid Ask Time
2.43 1 2019-02-20 13:32:13
Open Time18:00Close Time17:00
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