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Spread Trend Analysis Report

Prepared for you on Saturday, April 17, 2021.

CRUDE OIL May 2021/Sep 2021 Spread (NYMEX:CL.K21_U21)

Strong Downtrend (-100) - CL.K21_U21 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.K21_U21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.K21_U21.

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

NYMEX_CL.K21_U21
Open High Low CL.K21_U21 Price Change
0.78 0.80 0.69 0.74 -0.04
Entry Signal

MarketClub’s Trade Triangles for CL.K21_U21

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_U21

Based on our trend formula, CL.K21_U21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CL.K21_U21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.78 0.80 0.69 0.74 -0.04
Prev. Close Volume Bid Ask Time
0.74 1575 2021-04-16 16:59:00
Open Time18:00Close Time17:00
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