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Spread Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

CRUDE OIL Aug 2020/Jan 2021 Spread (NYMEX:CL.Q20_F21)

Weak Downtrend (-65) - CL.Q20_F21 is showing signs of a strengthening downtrend. Monitor CL.Q20_F21 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.Q20_F21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Q20_F21.

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

NYMEX_CL.Q20_F21
Open High Low CL.Q20_F21 Price Change
0.84 0.86 0.59 0.77 -0.11
Entry Signal

MarketClub’s Trade Triangles for CL.Q20_F21

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_F21

Based on our trend formula, CL.Q20_F21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.Q20_F21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.84 0.86 0.59 0.77 -0.11
Prev. Close Volume Bid Ask Time
1.92 55 2020-02-21 14:28:48
Open Time18:00Close Time17:00
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