Future Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
CRUDE OIL (E-MINI) Sep 2019 (NYMEX:QM.U19)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.U19
The long term trend has been DOWN since May 30th, 2019 at 57.150
The intermediate term trend has been DOWN since Jul 18th, 2019 at 56.400
The short term trend has been UP since Aug 19th, 2019 at 55.675
Smart Scan Analysis for QM.U19
Based on a pre-defined weighted trend formula for chart analysis, QM.U19 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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