Future Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
CRUDE OIL Oct 2020 (NYMEX:CL.V20)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.V20
The long term trend has been DOWN since May 14th, 2019 at 58.63
The intermediate term trend has been DOWN since Oct 1st, 2019 at 51.31
The short term trend has been DOWN since Oct 16th, 2019 at 51.56
Smart Scan Analysis for CL.V20
Based on a pre-defined weighted trend formula for chart analysis, CL.V20 scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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