Future Trend Analysis Report
Prepared for you on Wednesday, August 21, 2019.
CRUDE OIL Jan 2020 (NYMEX:CL.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 CL.F20
The long term trend has been DOWN since May 31st, 2019 at 54.82
The intermediate term trend has been DOWN since Jul 18th, 2019 at 56.05
The short term trend has been UP since Aug 19th, 2019 at 54.34
Smart Scan Analysis for CL.F20
Based on a pre-defined weighted trend formula for chart analysis, CL.F20 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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