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Spread Trend Analysis Report

Prepared for you on Thursday, January 21, 2021.

CRUDE OIL Jan 2023/Feb 2023 Spread (NYMEX:CL.F23_G23)

Weak Downtrend (-65) - CL.F23_G23 is showing signs of a strengthening downtrend. Monitor CL.F23_G23 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.F23_G23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.F23_G23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_CL.F23_G23
Open High Low CL.F23_G23 Price Change
0.17 0.17 0.17 0.17 +0.02
Entry Signal

MarketClub’s Trade Triangles for CL.F23_G23

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.F23_G23

Based on our trend formula, CL.F23_G23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.F23_G23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17 0.17 0.17 0.17 +0.02
Prev. Close Volume Bid Ask Time
0.17 3 2021-01-20 17:28:44
Open Time18:00Close Time17:00
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