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Spread Trend Analysis Report

Prepared for you on Sunday, January 16, 2022.

CRUDE OIL Jun 2022/Dec 2024 Spread (NYMEX:CL.M22_Z24)

Strong Downtrend (-100) - CL.M22_Z24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CL.M22_Z24 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.M22_Z24?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M22_Z24.

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NYMEX_CL.M22_Z24
Open High Low CL.M22_Z24 Price Change
15.10 15.10 14.81 15.69 -0.39
Entry Signal

MarketClub’s Trade Triangles for CL.M22_Z24

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.M22_Z24

Based on our trend formula, CL.M22_Z24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CL.M22_Z24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.10 15.10 14.81 15.69 -0.39
Prev. Close Volume Bid Ask Time
15.69 6 2022-01-13 17:28:40
Open Time09:00Close Time14:30
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