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Spread Trend Analysis Report

Prepared for you on Tuesday, September 22, 2020.

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

Long-Term Downtrend (-90) - CL.K22_M22 is in a strong downtrend that is likely to continue. While CL.K22_M22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

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NYMEX_CL.K22_M22
Open High Low CL.K22_M22 Price Change
-0.09 -0.09 -0.09 -0.09 +0.05
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 -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.K22_M22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.09 -0.09 -0.09 -0.09 +0.05
Prev. Close Volume Bid Ask Time
-0.14 10 2020-09-18 14:27:00
Open Time18:00Close Time17:00
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