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Spread Trend Analysis Report

Prepared for you on Thursday, August 6, 2020.

CRUDE OIL Jun 2021/Oct 2021 Spread (NYMEX:CL.M21_V21)

Weak Downtrend (-65) - CL.M21_V21 is showing signs of a strengthening downtrend. Monitor CL.M21_V21 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.M21_V21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M21_V21.

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

NYMEX_CL.M21_V21
Open High Low CL.M21_V21 Price Change
-0.45 -0.34 -0.45 -0.41 +0.12
Entry Signal

MarketClub’s Trade Triangles for CL.M21_V21

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_V21

Based on our trend formula, CL.M21_V21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.M21_V21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.45 -0.34 -0.45 -0.41 +0.12
Prev. Close Volume Bid Ask Time
-0.48 39 2020-08-05 13:39:53
Open Time18:00Close Time17:00
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