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Future Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

CRUDE OIL Jun 2021 (NYMEX:CL.M21)

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.

NYMEX_CL.M21
Open High Low CL.M21 Price Change
50.56 50.90 50.28 50.90 +0.42
Entry Signal

MarketClub’s Trade Triangles for CL.M21

long term down The long term trend has been DOWN since May 23rd, 2019 at 53.58

intermediate term down The intermediate term trend has been DOWN since Sep 30th, 2019 at 50.47

short term down The short term trend has been DOWN since Oct 15th, 2019 at 50.77

Smart Scan Analysis for CL.M21

Based on a pre-defined weighted trend formula for chart analysis, CL.M21 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for CL.M21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.56 50.90 50.28 50.90 +0.42
Prev. Close Volume Bid Ask Time
49.98 4126 2019-10-17 15:16:46
First Delivery2021-06-30Expiration2021-05-20
Open Time09:00Close Time14:30
Want to analyze CRUDE OIL Jun 2021 CL.M21 or another symbol? Try our Free Future Trend Analysis Report.