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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.
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MarketClub’s Trade Triangles for CL.X22_BZ.X22
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.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).
| 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 Time | 18:00 | Close Time | 17:00 |