Future Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
CRUDE OIL Oct 2020 (NYMEX:CL.V20)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 UP since Jun 11th, 2019 at 51.50
The short term trend has been UP since Jun 18th, 2019 at 52.70
Smart Scan Analysis for CL.V20
Based on a pre-defined weighted trend formula for chart analysis, CL.V20 scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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