Future Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
CRUDE OIL BRENT LAST DAY Aug 2019 (NYMEX:BZ.Q19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.Q19
The long term trend has been UP since Mar 13th, 2019 at 66.74
The intermediate term trend has been UP since May 19th, 2019 at 72.29
The short term trend has been DOWN since May 21st, 2019 at 70.90
Smart Scan Analysis for BZ.Q19
Based on a pre-defined weighted trend formula for chart analysis, BZ.Q19 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||83.3||Contract High Date||2018-10-03|
|Contract Low||59.93||Contract Low Date||2018-11-23|
|Open Time||09:00||Close Time||14:30|