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Spread Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

CRUDE OIL Apr 2021/May 2021 Spread (NYMEX:CL.J21_K21)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

NYMEX_CL.J21_K21
Open High Low CL.J21_K21 Price Change
0.21 0.21 0.20 0.21 +0.01
Entry Signal

MarketClub’s Trade Triangles for CL.J21_K21

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_K21

Based on a pre-defined weighted trend formula for chart analysis, CL.J21_K21 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for CL.J21_K21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21 0.21 0.20 0.21 +0.01
Prev. Close Volume Bid Ask Time
0.20 95 2019-12-09 09:30:49
Open Time18:00Close Time17:00
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