Future Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
CRUDE OIL BRENT LAST DAY Mar 2020 (NYMEX:BZ.H20)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 BZ.H20
The long term trend has been DOWN since Oct 2nd, 2019 at 56.12
The intermediate term trend has been DOWN since Sep 30th, 2019 at 57.80
The short term trend has been UP since Oct 9th, 2019 at 57.20
Smart Scan Analysis for BZ.H20
Based on a pre-defined weighted trend formula for chart analysis, BZ.H20 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||80.37000000||Contract High Date||2018-10-03|
|Contract Low||59.95000000||Contract Low Date||2018-11-23|