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.
MarketClub’s Trade Triangles for CL.Z19_M21
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.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).
|Open Time||18:00||Close Time||17:00|