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Spread Trend Analysis Report

Prepared for you on Monday, May 17, 2021.

CRUDE OIL May 2022/Jun 2022 Spread (NYMEX:CL.K22_M22)

Weak Downtrend (-65) - CL.K22_M22 is showing signs of a strengthening downtrend. Monitor CL.K22_M22 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.K22_M22?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.K22_M22.

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

NYMEX_CL.K22_M22
Open High Low CL.K22_M22 Price Change
0.34 0.36 0.33 0.36 +0.02
Entry Signal

MarketClub’s Trade Triangles for CL.K22_M22

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.K22_M22

Based on our trend formula, CL.K22_M22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.K22_M22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.34 0.36 0.33 0.36 +0.02
Prev. Close Volume Bid Ask Time
0.35 154 2021-05-17 11:06:12
Open Time18:00Close Time17:00
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