Spread Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
CRUDE OIL Jun 2022/Dec 2022 Spread (NYMEX:CL.M22_Z22)
Weak Downtrend (-65) - CL.M22_Z22 is showing signs of a strengthening downtrend. Monitor CL.M22_Z22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.M22_Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M22_Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.M22_Z22
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for CL.M22_Z22
Based on our trend formula, CL.M22_Z22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Open Time||18:00||Close Time||17:00|