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Future Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

CRUDE OIL Nov 2019 (NYMEX:CL.X19)

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.X19
Open High Low CL.X19 Price Change
53.51 53.57 53.47 53.47 -0.01
Entry Signal

MarketClub’s Trade Triangles for CL.X19

long term down The long term trend has been DOWN since Oct 4th, 2019 at 52.06

intermediate term down The intermediate term trend has been DOWN since Sep 30th, 2019 at 54.38

short term down The short term trend has been DOWN since Oct 14th, 2019 at 53.64

Smart Scan Analysis for CL.X19

Based on a pre-defined weighted trend formula for chart analysis, CL.X19 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for CL.X19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
53.51 53.57 53.47 53.47 -0.01
Prev. Close Volume Bid Ask Time
53.01 1722 2019-10-14 18:41:57
First Delivery2019-11-30Expiration2019-10-22
Open Time09:00Close Time14:30
Want to analyze CRUDE OIL Nov 2019 CL.X19 or another symbol? Try our Free Future Trend Analysis Report.