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Spread Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

CRUDE OIL Sep 2020/Jun 2021 Spread (NYMEX:CL.U20_M21)

Strong Downtrend (-100) - CL.U20_M21 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.U20_M21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.U20_M21.

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

NYMEX_CL.U20_M21
Open High Low CL.U20_M21 Price Change
1.23 1.26 1.13 1.26 -0.07
Entry Signal

MarketClub’s Trade Triangles for CL.U20_M21

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_M21

Based on our trend formula, CL.U20_M21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CL.U20_M21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.23 1.26 1.13 1.26 -0.07
Prev. Close Volume Bid Ask Time
2.92 3 2020-02-21 13:10:03
Open Time18:00Close Time17:00
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