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Future Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

CRUDE OIL Dec 2023 (NYMEX:CL.Z23)

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.

NYMEX_CL.Z23
Open High Low CL.Z23 Price Change
50.26 50.49 50.16 50.16 +0.75
Entry Signal

MarketClub’s Trade Triangles for CL.Z23

long term down The long term trend has been DOWN since Jan 23rd, 2020 at 50.19

intermediate term down The intermediate term trend has been DOWN since Jan 23rd, 2020 at 50.89

short term down The short term trend has been DOWN since Jan 22nd, 2020 at 51.05

Smart Scan Analysis for CL.Z23

Based on a pre-defined weighted trend formula for chart analysis, CL.Z23 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for CL.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.26 50.49 50.16 50.16 +0.75
Prev. Close Volume Bid Ask Time
51.25 536 2020-01-28 13:17:46
First Delivery2023-12-31Expiration2023-11-20
Open Time09:00Close Time14:30
Get a free daily report for CRUDE OIL Dec 2023 (CL.Z23) - Free Trend Analysis Report.