Future Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
CRUDE OIL Apr 2020 (NYMEX:CL.J20)
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.J20
The long term trend has been DOWN since Jan 31st, 2020 at 51.12
The intermediate term trend has been DOWN since Jan 10th, 2020 at 58.95
The short term trend has been UP since Feb 12th, 2020 at 51.02
Smart Scan Analysis for CL.J20
Based on a pre-defined weighted trend formula for chart analysis, CL.J20 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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