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Spread Trend Analysis Report

Prepared for you on Thursday, December 2, 2021.

CRUDE OIL Jun 2023/Jul 2023 Spread (NYMEX:CL.M23_N23)

Long-Term Downtrend (-90) - CL.M23_N23 is in a strong downtrend that is likely to continue. While CL.M23_N23 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.M23_N23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M23_N23.

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

NYMEX_CL.M23_N23
Open High Low CL.M23_N23 Price Change
0.26 0.30 0.21 0.28 +0.05
Entry Signal

MarketClub’s Trade Triangles for CL.M23_N23

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.M23_N23

Based on our trend formula, CL.M23_N23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.M23_N23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26 0.30 0.21 0.28 +0.05
Prev. Close Volume Bid Ask Time
0.30 151 2021-12-02 17:28:48
Open Time09:00Close Time14:30
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