Future Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
CRUDE OIL (E-MINI) Oct 2019 (NYMEX:QM.V19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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.
MarketClub’s Trade Triangles for QM.V19
The long term trend has been DOWN since May 2nd, 2019 at 61.85
The intermediate term trend has been DOWN since May 1st, 2019 at 63.00
The short term trend has been UP since Jun 19th, 2019 at 53.50
Smart Scan Analysis for QM.V19
Based on a pre-defined weighted trend formula for chart analysis, QM.V19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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