Future Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
CRUDE OIL NOVEMBER 2019 (NYMEX:QCL.X19)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
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 QCL.X19
The long term trend has been UP since Mar 13th, 2019 at 59.85
The intermediate term trend has been DOWN since May 10th, 2019 at 61.83
The short term trend has been DOWN since May 22nd, 2019 at 62.50
Smart Scan Analysis for QCL.X19
Based on a pre-defined weighted trend formula for chart analysis, QCL.X19 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk Low||45.05|
|52wk Low Date||2018-12-24||Volatility||21.05|