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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.
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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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.89 | 4.89 | 4.89 | 4.89 | +0.09 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.89 | 3 | 2021-01-07 17:28:40 |
| Open Time | 18:00 | Close Time | 17:00 |