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.
MarketClub’s Trade Triangles for CL.Z23
The long term trend has been DOWN since Jan 23rd, 2020 at 50.19
The intermediate term trend has been DOWN since Jan 23rd, 2020 at 50.89
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).
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