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Spread Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

CRUDE OIL Apr 2022/Nov 2022 Spread (NYMEX:CL.J22_X22)

Weak Downtrend (-65) - CL.J22_X22 is showing signs of a strengthening downtrend. Monitor CL.J22_X22 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.J22_X22?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J22_X22.

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

NYMEX_CL.J22_X22
Open High Low CL.J22_X22 Price Change
6.08 6.12 5.75 5.96 +0.05
Entry Signal

MarketClub’s Trade Triangles for CL.J22_X22

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_X22

Based on our trend formula, CL.J22_X22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.J22_X22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.08 6.12 5.75 5.96 +0.05
Prev. Close Volume Bid Ask Time
5.96 52 2022-01-21 14:22:57
Open Time09:00Close Time14:30
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