Future Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
CRUDE OIL Apr 2020 (NYMEX:CL.J20)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.J20
The long term trend has been DOWN since May 30th, 2019 at 55.84
The intermediate term trend has been DOWN since Jul 18th, 2019 at 55.33
The short term trend has been DOWN since Aug 23rd, 2019 at 52.95
Smart Scan Analysis for CL.J20
Based on a pre-defined weighted trend formula for chart analysis, CL.J20 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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