Future Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
CRUDE OIL BRENT LAST DAY Jan 2020 (NYMEX:BZ.F20)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 BZ.F20
The long term trend has been UP since Sep 17th, 2019 at 65.87
The intermediate term trend has been DOWN since Oct 1st, 2019 at 57.72
The short term trend has been UP since Oct 10th, 2019 at 58.22
Smart Scan Analysis for BZ.F20
Based on a pre-defined weighted trend formula for chart analysis, BZ.F20 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||81.18000000||Contract High Date||2018-10-03|
|Contract Low||59.89000000||Contract Low Date||2018-11-23|