What Is The Trend For Crude Oil?

Two of the most common tickers our readers seem to be using for trading crude oil are DXO and UCO. Here is a brief trend analysis on both tickers. Sign up for our free trend analysis service and get these in your in box automatically every morning!

DXO Strong Uptrend

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

Based on a pre-defined weighted trend formula for chart analysis, DXO scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

-10.....Last Hour Close Below 5 hour Moving Average
+15.....New 3 Day High on Friday
+20.....Last Price Above 20 Day Moving Average
+25.....New 3 Week High, Week Ending May 9th
+30.....New 3 Month High in May
+90.....Total Score



UCO Very Weak Uptrend

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the near term Very Weak Uptrend with very tight stops.

Based on a pre-defined weighted trend formula for chart analysis, UCO scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

-10.....Last Hour Close Below 5 hour Moving Average
+15.....New 3 Day High on Friday
+20.....Last Price Above 20 Day Moving Average
+25.....New 3 Week High, Week Ending May 9th
-30.....New 3 Month Low in February
+60.....Total Score




Today’s Stock Market Club Trading Triangles


===================================================================================