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Future Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

CRUDE OIL Dec 2020 (NYMEX:CL.Z20)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.

NYMEX_CL.Z20
Open High Low CL.Z20 Price Change
52.49 52.54 51.35 51.73 -0.76
Entry Signal

MarketClub’s Trade Triangles for CL.Z20

long term down The long term trend has been DOWN since May 30th, 2019 at 53.81

intermediate term down The intermediate term trend has been DOWN since Sep 30th, 2019 at 50.77

short term up The short term trend has been UP since Oct 10th, 2019 at 50.56

Smart Scan Analysis for CL.Z20

Based on a pre-defined weighted trend formula for chart analysis, CL.Z20 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for CL.Z20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
52.49 52.54 51.35 51.73 -0.76
Prev. Close Volume Bid Ask Time
50.27 5306 2019-10-14 08:43:16
First Delivery2020-12-31Expiration2020-11-20
Open Time09:00Close Time14:30
Want to analyze CRUDE OIL Dec 2020 CL.Z20 or another symbol? Try our Free Future Trend Analysis Report.