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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.

NYMEX_QCL.X19
Open High Low QCL.X19 Price Change
58.05 58.80 57.49 58.55 +0.78
Entry Signal

MarketClub’s Trade Triangles for QCL.X19

long term up The long term trend has been UP since Mar 13th, 2019 at 59.85

intermediate term down The intermediate term trend has been DOWN since May 10th, 2019 at 61.83

short term down 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).

-60
Smart Scan Analysis for QCL.X19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
58.05 58.80 57.49 58.55 +0.78
Prev. Close Volume Bid Ask Time
57.77 27232 58.54 58.56 2019-05-24 14:47:30
52wk High201852wk Low45.05
52wk Low Date2018-12-24Volatility21.05
Expiration2019-10-22
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