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Spread Trend Analysis Report

Prepared for you on Friday, January 15, 2021.

CRUDE OIL Sep 2022/Oct 2022 Spread (NYMEX:CL.U22_V22)

Long-Term Downtrend (-90) - CL.U22_V22 is in a strong downtrend that is likely to continue. While CL.U22_V22 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.U22_V22?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.U22_V22.

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NYMEX_CL.U22_V22
Open High Low CL.U22_V22 Price Change
0.13 0.17 0.13 0.17 0.00
Entry Signal

MarketClub’s Trade Triangles for CL.U22_V22

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_V22

Based on our trend formula, CL.U22_V22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.U22_V22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13 0.17 0.13 0.17 0.00
Prev. Close Volume Bid Ask Time
0.13 264 2021-01-14 17:28:46
Open Time09:00Close Time14:30
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