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Spread Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

CRUDE OIL Jun 2020/BZ Spread (NYMEX:CL.M20_BZ.N20)

Weak Downtrend (-65) - CL.M20_BZ.N20 is showing signs of a strengthening downtrend. Monitor CL.M20_BZ.N20 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.M20_BZ.N20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M20_BZ.N20.

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

NYMEX_CL.M20_BZ.N20
Open High Low CL.M20_BZ.N20 Price Change
-3.08 -2.01 -3.63 -3.09 +0.01
Entry Signal

MarketClub’s Trade Triangles for CL.M20_BZ.N20

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.M20_BZ.N20

Based on our trend formula, CL.M20_BZ.N20 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.M20_BZ.N20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-3.08 -2.01 -3.63 -3.09 +0.01
Prev. Close Volume Bid Ask Time
-5.03 268 2020-05-18 14:13:34
Open Time18:00Close Time17:00
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