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Future Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

CRUDE OIL NOVEMBER 2019 (NYMEX:QCL.X19)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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
54.25 55.24 53.88 54.51 +0.42
Entry Signal

MarketClub’s Trade Triangles for QCL.X19

long term down The long term trend has been DOWN since May 31st, 2019 at 54.58

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2019 at 56.00

short term up The short term trend has been UP since Aug 12th, 2019 at 54.42

Smart Scan Analysis for QCL.X19

Based on a pre-defined weighted trend formula for chart analysis, QCL.X19 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for QCL.X19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
54.25 55.24 53.88 54.51 +0.42
Prev. Close Volume Bid Ask Time
54.09 65577 54.21 54.75 2019-08-16 16:59:54
52wk High201852wk Low45.05
52wk Low Date2018-12-24Volatility35.51
Expiration2019-10-22
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