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Spread Trend Analysis Report

Prepared for you on Wednesday, January 27, 2021.

CRUDE OIL May 2021/Nov 2021 Spread (NYMEX:CL.K21_X21)

Weak Downtrend (-65) - CL.K21_X21 is showing signs of a strengthening downtrend. Monitor CL.K21_X21 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.K21_X21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.K21_X21.

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

NYMEX_CL.K21_X21
Open High Low CL.K21_X21 Price Change
1.85 1.99 1.76 1.88 +0.04
Entry Signal

MarketClub’s Trade Triangles for CL.K21_X21

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_X21

Based on our trend formula, CL.K21_X21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.K21_X21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.85 1.99 1.76 1.88 +0.04
Prev. Close Volume Bid Ask Time
-1.09 102 2021-01-26 17:28:49
Open Time09:00Close Time14:30
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