Spread Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
CRUDE OIL Aug 2022/Feb 2023 Spread (NYMEX:CL.Q22_G23)
Bear Market Rally (-75) - CL.Q22_G23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CL.Q22_G23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CL.Q22_G23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Q22_G23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Q22_G23
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.Q22_G23
Based on our trend formula, CL.Q22_G23 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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