Future Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
CRUDE OIL Dec 2022 (NYMEX:CL.Z22)
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.Z22
The long term trend has been DOWN since Nov 20th, 2018 at 55.28
The intermediate term trend has been DOWN since Nov 29th, 2019 at 50.50
The short term trend has been DOWN since Dec 6th, 2019 at 50.97
Smart Scan Analysis for CL.Z22
Based on a pre-defined weighted trend formula for chart analysis, CL.Z22 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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