Spread Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
CRUDE OIL Jun 2023/Aug 2023 Spread (NYMEX:CL.M23_Q23)
Strong Downtrend (-100) - CL.M23_Q23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CL.M23_Q23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CL.M23_Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M23_Q23.
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_Q23
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_Q23
Based on our trend formula, CL.M23_Q23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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