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Spread Trend Analysis Report

Prepared for you on Thursday, May 26, 2022.

CRUDE OIL Jul 2023/Sep 2023 Spread (NYMEX:CL.N23_U23)

Weak Downtrend (-65) - CL.N23_U23 is showing signs of a strengthening downtrend. Monitor CL.N23_U23 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.N23_U23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.N23_U23.

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

NYMEX_CL.N23_U23
Open High Low CL.N23_U23 Price Change
1.44 1.68 1.42 1.78 -0.06
Entry Signal

MarketClub’s Trade Triangles for CL.N23_U23

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.N23_U23

Based on our trend formula, CL.N23_U23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.N23_U23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.44 1.68 1.42 1.78 -0.06
Prev. Close Volume Bid Ask Time
1.68 8 2022-05-19 15:28:37
Open Time09:00Close Time14:30
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