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Future Trend Analysis Report

Prepared for you on Tuesday, August 20, 2019.

CRUDE OIL Oct 2019 (NYMEX:CL.V19)

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.V19
Open High Low CL.V19 Price Change
56.13 56.60 55.79 56.04 -0.10
Entry Signal

MarketClub’s Trade Triangles for CL.V19

long term down The long term trend has been DOWN since May 31st, 2019 at 54.66

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2019 at 56.33

short term up The short term trend has been UP since Aug 19th, 2019 at 55.62

Smart Scan Analysis for CL.V19

Based on a pre-defined weighted trend formula for chart analysis, CL.V19 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for CL.V19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.13 56.60 55.79 56.04 -0.10
Prev. Close Volume Bid Ask Time
59.38 145389 2019-08-20 08:16:16
First Delivery2019-10-31Expiration2019-09-20
Open Time09:00Close Time14:30
Want to analyze CRUDE OIL Oct 2019 CL.V19 or another symbol? Try our Free Future Trend Analysis Report.