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Spread Trend Analysis Report

Prepared for you on Friday, January 15, 2021.

CRUDE OIL Jun 2021/Jun 2023 Spread (NYMEX:CL.M21_M23)

Long-Term Downtrend (-90) - CL.M21_M23 is in a strong downtrend that is likely to continue. While CL.M21_M23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.M21_M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M21_M23.

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

NYMEX_CL.M21_M23
Open High Low CL.M21_M23 Price Change
4.41 4.53 4.40 4.40 +0.08
Entry Signal

MarketClub’s Trade Triangles for CL.M21_M23

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_M23

Based on our trend formula, CL.M21_M23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.M21_M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.41 4.53 4.40 4.40 +0.08
Prev. Close Volume Bid Ask Time
4.41 38 2021-01-15 11:40:21
Open Time09:00Close Time14:30
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