Future Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
CRUDE OIL Jul 2020 (NYMEX:CL.N20)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.N20
The long term trend has been DOWN since May 31st, 2019 at 54.44
The intermediate term trend has been DOWN since Sep 30th, 2019 at 51.98
The short term trend has been UP since Oct 7th, 2019 at 50.98
Smart Scan Analysis for CL.N20
Based on a pre-defined weighted trend formula for chart analysis, CL.N20 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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