Future Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
CRUDE OIL BRENT LAST DAY May 2020 (NYMEX:BZ.K20)
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.K20
The long term trend has been DOWN since May 6th, 2019 at 67.3
The intermediate term trend has been DOWN since Jul 17th, 2019 at 62.3
The short term trend has been UP since Aug 13th, 2019 at 57.4
Smart Scan Analysis for BZ.K20
Based on a pre-defined weighted trend formula for chart analysis, BZ.K20 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||79.55||Contract High Date||2018-10-03|
|Contract Low||60.01||Contract Low Date||2018-11-23|