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Spread Trend Analysis Report

Prepared for you on Thursday, September 24, 2020.

CRUDE OIL Jun 2021/Jun 2022 Spread (NYMEX:CL.M21_M22)

Weak Downtrend (-65) - CL.M21_M22 is showing signs of a strengthening downtrend. Monitor CL.M21_M22 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.M21_M22?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M21_M22.

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

NYMEX_CL.M21_M22
Open High Low CL.M21_M22 Price Change
-1.60 -1.30 -1.60 -1.49 +0.08
Entry Signal

MarketClub’s Trade Triangles for CL.M21_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.M21_M22

Based on our trend formula, CL.M21_M22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.M21_M22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-1.60 -1.30 -1.60 -1.49 +0.08
Prev. Close Volume Bid Ask Time
-1.57 467 2020-09-23 16:58:53
Open Time18:00Close Time17:00
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