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Spread Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

CRUDE OIL Jun 2020/Jan 2021 Spread (NYMEX:CL.M20_F21)

Bear Market Rally (-75) - CL.M20_F21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CL.M20_F21 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CL.M20_F21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M20_F21.

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

NYMEX_CL.M20_F21
Open High Low CL.M20_F21 Price Change
-4.27 -3.67 -4.72 -4.70 -1.26
Entry Signal

MarketClub’s Trade Triangles for CL.M20_F21

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_F21

Based on our trend formula, CL.M20_F21 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for CL.M20_F21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-4.27 -3.67 -4.72 -4.70 -1.26
Prev. Close Volume Bid Ask Time
-9.71 66 2020-04-06 15:13:35
Open Time18:00Close Time17:00
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