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Spread Trend Analysis Report

Prepared for you on Friday, June 5, 2020.

CRUDE OIL Jul 2020/Apr 2021 Spread (NYMEX:CL.N20_J21)

Weak Downtrend (-65) - CL.N20_J21 is showing signs of a strengthening downtrend. Monitor CL.N20_J21 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.N20_J21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.N20_J21.

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

NYMEX_CL.N20_J21
Open High Low CL.N20_J21 Price Change
-1.93 -1.28 -1.93 -1.33 +0.79
Entry Signal

MarketClub’s Trade Triangles for CL.N20_J21

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.N20_J21

Based on our trend formula, CL.N20_J21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.N20_J21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-1.93 -1.28 -1.93 -1.33 +0.79
Prev. Close Volume Bid Ask Time
-7.68 100 2020-06-05 14:44:53
Open Time09:00Close Time14:30
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