Spread Trend Analysis Report
Prepared for you on Friday, April 23, 2021.
CRUDE OIL May 2021/Aug 2021 Spread (NYMEX:CL.K21_Q21)
Weak Downtrend (-65) - CL.K21_Q21 is showing signs of a strengthening downtrend. Monitor CL.K21_Q21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.K21_Q21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.K21_Q21.
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_Q21
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_Q21
Based on our trend formula, CL.K21_Q21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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