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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.

NYMEX_CL.K21_Q21
Open High Low CL.K21_Q21 Price Change
0.30 0.40 0.28 0.38 +0.06
Entry Signal

MarketClub’s Trade Triangles for CL.K21_Q21

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.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).

-70
Smart Scan Analysis for CL.K21_Q21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.30 0.40 0.28 0.38 +0.06
Prev. Close Volume Bid Ask Time
0.39 513 2021-04-19 15:45:27
Open Time09:00Close Time14:30
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