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Spread Trend Analysis Report

Prepared for you on Wednesday, February 19, 2020.

CRUDE OIL Apr 2020/Jul 2020 Spread (NYMEX:CL.J20_N20)

Long-Term Downtrend (-90) - CL.J20_N20 is in a strong downtrend that is likely to continue. While CL.J20_N20 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.J20_N20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J20_N20.

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NYMEX_CL.J20_N20
Open High Low CL.J20_N20 Price Change
-0.56 -0.51 -0.56 -0.54 +0.01
Entry Signal

MarketClub’s Trade Triangles for CL.J20_N20

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.J20_N20

Based on our trend formula, CL.J20_N20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.J20_N20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.56 -0.51 -0.56 -0.54 +0.01
Prev. Close Volume Bid Ask Time
0.78 604 2020-02-19 04:29:19
Open Time09:00Close Time14:30
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