Future Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
CRUDE OIL Nov 2020 (NYMEX:CL.X20)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.X20
The long term trend has been UP since Dec 6th, 2019 at 55.20
The intermediate term trend has been UP since Oct 23rd, 2019 at 52.26
The short term trend has been UP since Dec 4th, 2019 at 54.25
Smart Scan Analysis for CL.X20
Based on a pre-defined weighted trend formula for chart analysis, CL.X20 scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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