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Spread Trend Analysis Report

Prepared for you on Friday, May 14, 2021.

CRUDE OIL Mar 2022/May 2022 Spread (NYMEX:CL.H22_K22)

Long-Term Downtrend (-90) - CL.H22_K22 is in a strong downtrend that is likely to continue. While CL.H22_K22 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.H22_K22?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.H22_K22.

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NYMEX_CL.H22_K22
Open High Low CL.H22_K22 Price Change
0.71 0.73 0.67 0.69 -0.05
Entry Signal

MarketClub’s Trade Triangles for CL.H22_K22

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.H22_K22

Based on our trend formula, CL.H22_K22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.H22_K22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.71 0.73 0.67 0.69 -0.05
Prev. Close Volume Bid Ask Time
0.68 694 2021-05-13 16:58:00
Open Time18:00Close Time17:00
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