Future Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
CRUDE OIL Sep 2020 (NYMEX:CL.U20)
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.U20
The long term trend has been DOWN since May 23rd, 2019 at 56.76
The intermediate term trend has been DOWN since Jul 19th, 2019 at 54.04
The short term trend has been UP since Aug 13th, 2019 at 51.30
Smart Scan Analysis for CL.U20
Based on a pre-defined weighted trend formula for chart analysis, CL.U20 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||09:00||Close Time||14:30|