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Spread Trend Analysis Report
Prepared for you on Wednesday, January 20, 2021.
CRUDE OIL Aug 2021/Dec 2022 Spread (NYMEX:CL.Q21_Z22)
Long-Term Downtrend (-90) - CL.Q21_Z22 is in a strong downtrend that is likely to continue. While CL.Q21_Z22 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.Q21_Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Q21_Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CL.Q21_Z22
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for CL.Q21_Z22
Based on our trend formula, CL.Q21_Z22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.79 | 3.79 | 3.79 | 3.79 | +0.25 |
| Prev. Close | Volume | Bid | Ask | Time |
| -1.69 | 3 | 2021-01-20 17:28:41 |
| Open Time | 18:00 | Close Time | 17:00 |