Future Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
CRUDE OIL BRENT LAST DAY May 2020 (NYMEX:BZ.K20)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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.K20
The long term trend has been DOWN since May 6th, 2019 at 67.30
The intermediate term trend has been UP since Nov 22nd, 2019 at 60.45
The short term trend has been UP since Dec 9th, 2019 at 61.54
Smart Scan Analysis for BZ.K20
Based on a pre-defined weighted trend formula for chart analysis, BZ.K20 scored +50 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|