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Spread Trend Analysis Report

Prepared for you on Wednesday, April 14, 2021.

CRUDE OIL Nov 2021/Jan 2022 Spread (NYMEX:CL.X21_F22)

Bear Market Rally (-75) - CL.X21_F22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CL.X21_F22 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CL.X21_F22?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X21_F22.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_CL.X21_F22
Open High Low CL.X21_F22 Price Change
0.74 0.93 0.71 0.91 +0.19
Entry Signal

MarketClub’s Trade Triangles for CL.X21_F22

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.X21_F22

Based on our trend formula, CL.X21_F22 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for CL.X21_F22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.74 0.93 0.71 0.91 +0.19
Prev. Close Volume Bid Ask Time
0.72 2050 2021-04-14 17:28:50
Open Time09:00Close Time14:30
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