Future Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
CRUDE OIL Jan 2021 (NYMEX:CL.F21)
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.F21
The long term trend has been DOWN since Jan 27th, 2020 at 50.83
The intermediate term trend has been DOWN since Jan 8th, 2020 at 55.43
The short term trend has been UP since Feb 5th, 2020 at 51.00
Smart Scan Analysis for CL.F21
Based on a pre-defined weighted trend formula for chart analysis, CL.F21 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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