Spread Trend Analysis Report
Prepared for you on Friday, November 26, 2021.
CRUDE OIL Oct 2022/Dec 2022 Spread (NYMEX:CL.V22_Z22)
Long-Term Downtrend (-90) - CL.V22_Z22 is in a strong downtrend that is likely to continue. While CL.V22_Z22 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.V22_Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.V22_Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.V22_Z22
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.V22_Z22
Based on our trend formula, CL.V22_Z22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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