Future Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
CRUDE OIL Dec 2023 (NYMEX:CL.Z23)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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.Z23
The long term trend has been UP since Jul 10th, 2019 at 54.6
The intermediate term trend has been UP since Aug 13th, 2019 at 53.3
The short term trend has been DOWN since Aug 15th, 2019 at 52.6
Smart Scan Analysis for CL.Z23
Based on a pre-defined weighted trend formula for chart analysis, CL.Z23 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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