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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.

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NYMEX_CL.V22_Z22
Open High Low CL.V22_Z22 Price Change
0.95 0.96 0.62 0.77 -0.21
Entry Signal

MarketClub’s Trade Triangles for CL.V22_Z22

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.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).

-90
Smart Scan Analysis for CL.V22_Z22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.95 0.96 0.62 0.77 -0.21
Prev. Close Volume Bid Ask Time
0.76 1253 2021-11-26 13:39:24
Open Time09:00Close Time14:30
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