Future Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
CRUDE OIL Apr 2020 (NYMEX:CL.J20)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.J20
The long term trend has been UP since Sep 15th, 2019 at 59.29
The intermediate term trend has been DOWN since Sep 30th, 2019 at 52.62
The short term trend has been DOWN since Oct 14th, 2019 at 53.00
Smart Scan Analysis for CL.J20
Based on a pre-defined weighted trend formula for chart analysis, CL.J20 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||09:00||Close Time||14:30|