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Spread Trend Analysis Report

Prepared for you on Friday, June 5, 2020.

CRUDE OIL Apr 2021/Dec 2021 Spread (NYMEX:CL.J21_Z21)

Long-Term Downtrend (-90) - CL.J21_Z21 is in a strong downtrend that is likely to continue. While CL.J21_Z21 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_Z21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J21_Z21.

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NYMEX_CL.J21_Z21
Open High Low CL.J21_Z21 Price Change
-1.88 -1.82 -1.88 -1.82 +0.17
Entry Signal

MarketClub’s Trade Triangles for CL.J21_Z21

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_Z21

Based on our trend formula, CL.J21_Z21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.J21_Z21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-1.88 -1.82 -1.88 -1.82 +0.17
Prev. Close Volume Bid Ask Time
-1.88 3 2020-05-29 14:50:04
Open Time09:00Close Time14:30
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