Spread Trend Analysis Report
Prepared for you on Friday, January 15, 2021.
CRUDE OIL Apr 2021/Dec 2022 Spread (NYMEX:CL.J21_Z22)
Bear Market Rally (-75) - CL.J21_Z22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CL.J21_Z22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CL.J21_Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J21_Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.J21_Z22
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for CL.J21_Z22
Based on our trend formula, CL.J21_Z22 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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