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Spread Trend Analysis Report

Prepared for you on Wednesday, January 26, 2022.

CRUDE OIL Feb 2024/Mar 2024 Spread (NYMEX:CL.G24_H24)

Strong Downtrend (-100) - CL.G24_H24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CL.G24_H24 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.G24_H24?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.G24_H24.

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NYMEX_CL.G24_H24
Open High Low CL.G24_H24 Price Change
0.36 0.36 0.36 0.37 0.00
Entry Signal

MarketClub’s Trade Triangles for CL.G24_H24

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.G24_H24

Based on our trend formula, CL.G24_H24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CL.G24_H24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.36 0.36 0.36 0.37 0.00
Prev. Close Volume Bid Ask Time
0.36 2 2022-01-25 17:28:49
Open Time18:00Close Time17:00
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