Spread Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
CRUDE OIL Nov 2020/Jan 2021 Spread (NYMEX:CL.X20_F21)
Long-Term Downtrend (-90) - CL.X20_F21 is in a strong downtrend that is likely to continue. While CL.X20_F21 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.X20_F21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X20_F21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.X20_F21
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.X20_F21
Based on our trend formula, CL.X20_F21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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