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Spread Trend Analysis Report

Prepared for you on Thursday, December 2, 2021.

CRUDE OIL Jan 2022/Aug 2022 Spread (NYMEX:CL.F22_Q22)

Long-Term Downtrend (-90) - CL.F22_Q22 is in a strong downtrend that is likely to continue. While CL.F22_Q22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.F22_Q22?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.F22_Q22.

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NYMEX_CL.F22_Q22
Open High Low CL.F22_Q22 Price Change
2.10 2.10 2.10 2.09 0.00
Entry Signal

MarketClub’s Trade Triangles for CL.F22_Q22

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for CL.F22_Q22

Based on our trend formula, CL.F22_Q22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.F22_Q22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.10 2.10 2.10 2.09 0.00
Prev. Close Volume Bid Ask Time
2.09 2 2021-12-02 18:35:17
Open Time09:00Close Time14:30
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