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Spread Trend Analysis Report

Prepared for you on Thursday, March 4, 2021.

CRUDE OIL Apr 2021/Jan 2022 Spread (NYMEX:CL.J21_F22)

Long-Term Downtrend (-90) - CL.J21_F22 is in a strong downtrend that is likely to continue. While CL.J21_F22 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.J21_F22?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J21_F22.

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NYMEX_CL.J21_F22
Open High Low CL.J21_F22 Price Change
4.30 4.57 4.18 4.52 +0.05
Entry Signal

MarketClub’s Trade Triangles for CL.J21_F22

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.J21_F22

Based on our trend formula, CL.J21_F22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.J21_F22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.30 4.57 4.18 4.52 +0.05
Prev. Close Volume Bid Ask Time
4.47 50 2021-03-04 08:14:21
Open Time18:00Close Time17:00
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