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Spread Trend Analysis Report

Prepared for you on Friday, February 28, 2020.

CRUDE OIL Jun 2020/Jun 2022 Spread (NYMEX:CL.M20_M22)

Strong Downtrend (-100) - CL.M20_M22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.M20_M22?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M20_M22.

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

NYMEX_CL.M20_M22
Open High Low CL.M20_M22 Price Change
-2.11 -2.11 -2.28 -2.28 -0.93
Entry Signal

MarketClub’s Trade Triangles for CL.M20_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.M20_M22

Based on our trend formula, CL.M20_M22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CL.M20_M22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-2.11 -2.11 -2.28 -2.28 -0.93
Prev. Close Volume Bid Ask Time
6.58 7 2020-02-28 14:25:59
Open Time18:00Close Time17:00
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