Free Daily Analysis

Spread Trend Analysis Report

Prepared for you on Sunday, May 22, 2022.

CRUDE OIL Jul 2024/Aug 2024 Spread (NYMEX:CL.N24_Q24)

Long-Term Downtrend (-90) - CL.N24_Q24 is in a strong downtrend that is likely to continue. While CL.N24_Q24 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.N24_Q24?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.N24_Q24.

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

NYMEX_CL.N24_Q24
Open High Low CL.N24_Q24 Price Change
0.68 0.68 0.67 0.60 +0.02
Entry Signal

MarketClub’s Trade Triangles for CL.N24_Q24

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.N24_Q24

Based on our trend formula, CL.N24_Q24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.N24_Q24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.68 0.68 0.67 0.60 +0.02
Prev. Close Volume Bid Ask Time
0.67 4 2022-05-16 17:28:48
Open Time09:00Close Time14:30
Get a free daily analysis and signals for CRUDE OIL Jul 2024/Aug 2024 Spread (CL.N24_Q24) - Request Your Free Report.