Spread Trend Analysis Report
Prepared for you on Wednesday, January 20, 2021.
CRUDE OIL Jun 2023/BZ Spread (NYMEX:CL.M23_BZ.M23)
Strong Downtrend (-100) - CL.M23_BZ.M23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CL.M23_BZ.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M23_BZ.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.M23_BZ.M23
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.M23_BZ.M23
Based on our trend formula, CL.M23_BZ.M23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Open Time||18:00||Close Time||17:00|