Tuesday, January 13, 2009

Trend Analysis , DXO Double Long Crude

DXO Trend Call.....Sidelines Mode

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.

Based on a pre-defined weighted trend formula for chart analysis, DXO scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Monday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending January 10th
-30 New 3 Month Low in December
-55 Total Score



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