Analyze Symbol

Future Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

CRUDE OIL Dec 2022 (NYMEX:CL.Z22)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.

NYMEX_CL.Z22
Open High Low CL.Z22 Price Change
50.35 50.64 50.35 50.58 +0.24
Entry Signal

MarketClub’s Trade Triangles for CL.Z22

long term down The long term trend has been DOWN since Nov 20th, 2018 at 55.28

intermediate term down The intermediate term trend has been DOWN since Sep 30th, 2019 at 50.34

short term down The short term trend has been DOWN since Oct 16th, 2019 at 50.50

Smart Scan Analysis for CL.Z22

Based on a pre-defined weighted trend formula for chart analysis, CL.Z22 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for CL.Z22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.35 50.64 50.35 50.58 +0.24
Prev. Close Volume Bid Ask Time
50.49 1385 2019-10-17 16:11:38
First Delivery2022-12-31Expiration2022-11-21
Open Time09:00Close Time14:30
Want to analyze CRUDE OIL Dec 2022 CL.Z22 or another symbol? Try our Free Future Trend Analysis Report.