Future Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
CRUDE OIL Dec 2021 (NYMEX:CL.Z21)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.Z21
The long term trend has been UP since Apr 12th, 2019 at 56.48
The intermediate term trend has been DOWN since Apr 26th, 2019 at 55.51
The short term trend has been UP since May 17th, 2019 at 55.56
Smart Scan Analysis for CL.Z21
Based on a pre-defined weighted trend formula for chart analysis, CL.Z21 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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