Future Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
CRUDE OIL Nov 2019 (NYMEX:CL.X19)
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.X19
The long term trend has been DOWN since May 31st, 2019 at 54.38
The intermediate term trend has been DOWN since Jul 18th, 2019 at 56.25
The short term trend has been UP since Jul 23rd, 2019 at 56.52
Smart Scan Analysis for CL.X19
Based on a pre-defined weighted trend formula for chart analysis, CL.X19 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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