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Spread Trend Analysis Report

Prepared for you on Friday, September 18, 2020.

CRUDE OIL Jun 2021/BZ Spread (NYMEX:CL.M21_BZ.M21)

Bear Market Rally (-75) - CL.M21_BZ.M21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CL.M21_BZ.M21 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CL.M21_BZ.M21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M21_BZ.M21.

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

NYMEX_CL.M21_BZ.M21
Open High Low CL.M21_BZ.M21 Price Change
-2.60 -2.45 -2.61 -2.59 -0.05
Entry Signal

MarketClub’s Trade Triangles for CL.M21_BZ.M21

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.M21_BZ.M21

Based on our trend formula, CL.M21_BZ.M21 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for CL.M21_BZ.M21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-2.60 -2.45 -2.61 -2.59 -0.05
Prev. Close Volume Bid Ask Time
-2.54 1070 2020-09-18 16:59:03
Open Time09:00Close Time14:30
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