Future Trend Analysis Report
Prepared for you on Wednesday, April 24, 2019.
CRUDE OIL Dec 2020 (NYMEX:CL.Z20)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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.Z20
The long term trend has been UP since Mar 14th, 2019 at 58.10
The intermediate term trend has been UP since Jan 8th, 2019 at 53.73
The short term trend has been UP since Apr 21st, 2019 at 59.65
Smart Scan Analysis for CL.Z20
Based on a pre-defined weighted trend formula for chart analysis, CL.Z20 scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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