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Spread Trend Analysis Report

Prepared for you on Wednesday, February 19, 2020.

CRUDE OIL May 2020/BZ Spread (NYMEX:CL.K20_BZ.K20)

Strong Downtrend (-100) - CL.K20_BZ.K20 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.K20_BZ.K20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.K20_BZ.K20.

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

NYMEX_CL.K20_BZ.K20
Open High Low CL.K20_BZ.K20 Price Change
-4.83 -4.83 -5.00 -4.93 -0.11
Entry Signal

MarketClub’s Trade Triangles for CL.K20_BZ.K20

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.K20_BZ.K20

Based on our trend formula, CL.K20_BZ.K20 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CL.K20_BZ.K20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-4.83 -4.83 -5.00 -4.93 -0.11
Prev. Close Volume Bid Ask Time
-5.06 714 2020-02-19 06:09:18
Open Time09:00Close Time14:30
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