Future Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
CRUDE OIL Mar 2021 (NYMEX:CL.H21)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 CL.H21
The long term trend has been UP since Nov 25th, 2019 at 52.03
The intermediate term trend has been DOWN since Jan 10th, 2020 at 54.98
The short term trend has been DOWN since Jan 10th, 2020 at 56.31
Smart Scan Analysis for CL.H21
Based on a pre-defined weighted trend formula for chart analysis, CL.H21 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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