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Spread Trend Analysis Report

Prepared for you on Wednesday, February 26, 2020.

CRUDE OIL Mar 2020/Oct 2020 Spread (NYMEX:CL.H20_V20)

Long-Term Downtrend (-90) - CL.H20_V20 is in a strong downtrend that is likely to continue. While CL.H20_V20 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.H20_V20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.H20_V20.

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NYMEX_CL.H20_V20
Open High Low CL.H20_V20 Price Change
-0.61 -0.36 -0.61 -0.36 +0.30
Entry Signal

MarketClub’s Trade Triangles for CL.H20_V20

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.H20_V20

Based on our trend formula, CL.H20_V20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.H20_V20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.61 -0.36 -0.61 -0.36 +0.30
Prev. Close Volume Bid Ask Time
2.11 30 2020-02-19 12:42:05
Open Time09:00Close Time14:30
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