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Spread Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

CRUDE OIL Feb 2023/Jun 2023 Spread (NYMEX:CL.G23_M23)

Long-Term Downtrend (-90) - CL.G23_M23 is in a strong downtrend that is likely to continue. While CL.G23_M23 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.G23_M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.G23_M23.

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NYMEX_CL.G23_M23
Open High Low CL.G23_M23 Price Change
2.33 3.04 2.32 2.90 +0.63
Entry Signal

MarketClub’s Trade Triangles for CL.G23_M23

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.G23_M23

Based on our trend formula, CL.G23_M23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.G23_M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.33 3.04 2.32 2.90 +0.63
Prev. Close Volume Bid Ask Time
2.91 226 2022-08-18 16:31:19
Open Time18:00Close Time17:00
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