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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.

NYMEX_CL.X20_F21
Open High Low CL.X20_F21 Price Change
-0.59 -0.57 -0.63 -0.57 +0.03
Entry Signal

MarketClub’s Trade Triangles for CL.X20_F21

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.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).

-90
Smart Scan Analysis for CL.X20_F21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.59 -0.57 -0.63 -0.57 +0.03
Prev. Close Volume Bid Ask Time
-0.39 1951 2020-08-07 15:45:15
Open Time18:00Close Time17:00
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