Future Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
CRUDE OIL Dec 2019 (NYMEX:CL.Z19)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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.Z19
The long term trend has been DOWN since Oct 9th, 2019 at 51.89
The intermediate term trend has been DOWN since Sep 30th, 2019 at 54.18
The short term trend has been DOWN since Oct 14th, 2019 at 53.67
Smart Scan Analysis for CL.Z19
Based on a pre-defined weighted trend formula for chart analysis, CL.Z19 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||09:00||Close Time||14:30|