Future Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
CRUDE OIL Sep 2020 (NYMEX:CL.U20)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.U20
The long term trend has been DOWN since May 23rd, 2019 at 56.76
The intermediate term trend has been DOWN since May 6th, 2019 at 59.40
The short term trend has been DOWN since May 23rd, 2019 at 58.45
Smart Scan Analysis for CL.U20
Based on a pre-defined weighted trend formula for chart analysis, CL.U20 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||09:00||Close Time||14:30|