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Spread Trend Analysis Report

Prepared for you on Monday, January 17, 2022.

CRUDE OIL Apr 2022/Jan 2023 Spread (NYMEX:CL.J22_F23)

Bear Market Rally (-75) - CL.J22_F23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CL.J22_F23 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CL.J22_F23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J22_F23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_CL.J22_F23
Open High Low CL.J22_F23 Price Change
7.49 7.50 7.30 7.30 -0.01
Entry Signal

MarketClub’s Trade Triangles for CL.J22_F23

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.J22_F23

Based on our trend formula, CL.J22_F23 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for CL.J22_F23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.49 7.50 7.30 7.30 -0.01
Prev. Close Volume Bid Ask Time
7.31 4 2022-01-17 05:55:03
Open Time09:00Close Time14:30
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