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.
MarketClub’s Trade Triangles for CL.V19
The long term trend has been DOWN since May 31st, 2019 at 54.66
The intermediate term trend has been DOWN since Jul 18th, 2019 at 56.33
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).
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