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Spread Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

CRUDE OIL Apr 2023/Jun 2023 Spread (NYMEX:CL.J23_M23)

Long-Term Downtrend (-90) - CL.J23_M23 is in a strong downtrend that is likely to continue. While CL.J23_M23 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_M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J23_M23.

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NYMEX_CL.J23_M23
Open High Low CL.J23_M23 Price Change
1.28 1.41 1.28 1.37 +0.08
Entry Signal

MarketClub’s Trade Triangles for CL.J23_M23

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_M23

Based on our trend formula, CL.J23_M23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.J23_M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.28 1.41 1.28 1.37 +0.08
Prev. Close Volume Bid Ask Time
1.29 707 2022-08-11 11:12:12
Open Time18:00Close Time17:00
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