Future Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
CRUDE OIL (E-MINI) Apr 2020 (NYMEX:QM.J20)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 QM.J20
The long term trend has been UP since Dec 6th, 2019 at 57.825
The intermediate term trend has been DOWN since Jan 9th, 2020 at 59.425
The short term trend has been UP since Jan 16th, 2020 at 58.150
Smart Scan Analysis for QM.J20
Based on a pre-defined weighted trend formula for chart analysis, QM.J20 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).