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Spread Trend Analysis Report

Prepared for you on Friday, February 21, 2020.

CRUDE OIL Sep 2020/BZ Spread (NYMEX:CL.U20_BZ.U20)

Long-Term Downtrend (-90) - CL.U20_BZ.U20 is in a strong downtrend that is likely to continue. While CL.U20_BZ.U20 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.U20_BZ.U20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.U20_BZ.U20.

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

NYMEX_CL.U20_BZ.U20
Open High Low CL.U20_BZ.U20 Price Change
-3.96 -3.94 -3.96 -3.94 +0.23
Entry Signal

MarketClub’s Trade Triangles for CL.U20_BZ.U20

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.U20_BZ.U20

Based on our trend formula, CL.U20_BZ.U20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.U20_BZ.U20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-3.96 -3.94 -3.96 -3.94 +0.23
Prev. Close Volume Bid Ask Time
-4.41 41 2020-02-21 11:08:20
Open Time09:00Close Time14:30
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