Spread Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
CRUDE OIL Sep 2021/Nov 2021 Spread (NYMEX:CL.U21_X21)
Strong Downtrend (-100) - CL.U21_X21 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.U21_X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.U21_X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.U21_X21
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.U21_X21
Based on our trend formula, CL.U21_X21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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