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Spread Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

CRUDE OIL Jan 2024/Feb 2024 Spread (NYMEX:CL.F24_G24)

Strong Downtrend (-100) - CL.F24_G24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CL.F24_G24 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.F24_G24?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.F24_G24.

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NYMEX_CL.F24_G24
Open High Low CL.F24_G24 Price Change
0.43 0.43 0.43 0.49 -0.06
Entry Signal

MarketClub’s Trade Triangles for CL.F24_G24

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.F24_G24

Based on our trend formula, CL.F24_G24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CL.F24_G24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.43 0.43 0.43 0.49 -0.06
Prev. Close Volume Bid Ask Time
0.43 12 2022-08-10 17:28:50
Open Time09:00Close Time14:30
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