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Spread Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

CRUDE OIL Aug 2020/BZ Spread (NYMEX:CL.Q20_BZ.Q20)

Bear Market Rally (-75) - CL.Q20_BZ.Q20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CL.Q20_BZ.Q20 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CL.Q20_BZ.Q20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Q20_BZ.Q20.

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

NYMEX_CL.Q20_BZ.Q20
Open High Low CL.Q20_BZ.Q20 Price Change
-2.05 -2.01 -2.69 -2.66 -0.66
Entry Signal

MarketClub’s Trade Triangles for CL.Q20_BZ.Q20

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.Q20_BZ.Q20

Based on our trend formula, CL.Q20_BZ.Q20 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for CL.Q20_BZ.Q20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-2.05 -2.01 -2.69 -2.66 -0.66
Prev. Close Volume Bid Ask Time
-2.49 5607 2020-06-01 15:52:37
Open Time18:00Close Time17:00
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