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Spread Trend Analysis Report

Prepared for you on Tuesday, January 25, 2022.

CRUDE OIL Feb 2022/Dec 2024 Spread (NYMEX:CL.G22_Z24)

Long-Term Downtrend (-90) - CL.G22_Z24 is in a strong downtrend that is likely to continue. While CL.G22_Z24 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.G22_Z24?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.G22_Z24.

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NYMEX_CL.G22_Z24
Open High Low CL.G22_Z24 Price Change
18.98 18.98 18.98 20.94 +0.16
Entry Signal

MarketClub’s Trade Triangles for CL.G22_Z24

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.G22_Z24

Based on our trend formula, CL.G22_Z24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.G22_Z24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.98 18.98 18.98 20.94 +0.16
Prev. Close Volume Bid Ask Time
18.98 1 2022-01-17 21:24:52
Open Time18:00Close Time17:00
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