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Spread Trend Analysis Report

Prepared for you on Wednesday, February 19, 2020.

CRUDE OIL Jul 2020/Dec 2020 Spread (NYMEX:CL.N20_Z20)

Long-Term Downtrend (-90) - CL.N20_Z20 is in a strong downtrend that is likely to continue. While CL.N20_Z20 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.N20_Z20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.N20_Z20.

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NYMEX_CL.N20_Z20
Open High Low CL.N20_Z20 Price Change
0.39 0.50 0.37 0.47 +0.08
Entry Signal

MarketClub’s Trade Triangles for CL.N20_Z20

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_Z20

Based on our trend formula, CL.N20_Z20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.N20_Z20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.39 0.50 0.37 0.47 +0.08
Prev. Close Volume Bid Ask Time
1.98 115 2020-02-19 04:02:01
Open Time09:00Close Time14:30
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