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Spread Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

CRUDE OIL Sep 2022/Jun 2023 Spread (NYMEX:CL.U22_M23)

Strong Downtrend (-100) - CL.U22_M23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CL.U22_M23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.U22_M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.U22_M23.

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NYMEX_CL.U22_M23
Open High Low CL.U22_M23 Price Change
6.82 7.33 6.65 6.65 -0.54
Entry Signal

MarketClub’s Trade Triangles for CL.U22_M23

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.U22_M23

Based on our trend formula, CL.U22_M23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CL.U22_M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.82 7.33 6.65 6.65 -0.54
Prev. Close Volume Bid Ask Time
7.19 53 2022-08-08 06:44:26
Open Time18:00Close Time17:00
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