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Spread Trend Analysis Report

Prepared for you on Sunday, July 3, 2022.

CRUDE OIL Nov 2022/BZ Spread (NYMEX:CL.X22_BZ.X22)

Long-Term Downtrend (-90) - CL.X22_BZ.X22 is in a strong downtrend that is likely to continue. While CL.X22_BZ.X22 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.X22_BZ.X22?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X22_BZ.X22.

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

NYMEX_CL.X22_BZ.X22
Open High Low CL.X22_BZ.X22 Price Change
-5.11 -4.72 -5.20 -4.96 0
Entry Signal

MarketClub’s Trade Triangles for CL.X22_BZ.X22

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.X22_BZ.X22

Based on our trend formula, CL.X22_BZ.X22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.X22_BZ.X22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-5.11 -4.72 -5.20 -4.96 0
Prev. Close Volume Bid Ask Time
-4.96 146 2022-07-01 16:14:03
Open Time18:00Close Time17:00
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