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Spread Trend Analysis Report

Prepared for you on Thursday, December 9, 2021.

CRUDE OIL Apr 2023/May 2023 Spread (NYMEX:CL.J23_K23)

Long-Term Downtrend (-90) - CL.J23_K23 is in a strong downtrend that is likely to continue. While CL.J23_K23 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.J23_K23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J23_K23.

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NYMEX_CL.J23_K23
Open High Low CL.J23_K23 Price Change
0.30 0.30 0.29 0.29 +0.02
Entry Signal

MarketClub’s Trade Triangles for CL.J23_K23

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.J23_K23

Based on our trend formula, CL.J23_K23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.J23_K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.30 0.30 0.29 0.29 +0.02
Prev. Close Volume Bid Ask Time
0.30 33 2021-12-08 15:39:12
Open Time09:00Close Time14:30
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