Spread Trend Analysis Report
Prepared for you on Wednesday, January 20, 2021.
CRUDE OIL May 2021/Jun 2023 Spread (NYMEX:CL.K21_M23)
Long-Term Downtrend (-90) - CL.K21_M23 is in a strong downtrend that is likely to continue. While CL.K21_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.K21_M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.K21_M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.K21_M23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for CL.K21_M23
Based on our trend formula, CL.K21_M23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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