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Spread Trend Analysis Report

Prepared for you on Sunday, August 7, 2022.

CRUDE OIL Nov 2022/Jan 2023 Spread (NYMEX:CL.X22_F23)

Strong Downtrend (-100) - CL.X22_F23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CL.X22_F23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.X22_F23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X22_F23.

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

NYMEX_CL.X22_F23
Open High Low CL.X22_F23 Price Change
1.68 1.93 1.59 1.70 +0.05
Entry Signal

MarketClub’s Trade Triangles for CL.X22_F23

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_F23

Based on our trend formula, CL.X22_F23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CL.X22_F23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.68 1.93 1.59 1.70 +0.05
Prev. Close Volume Bid Ask Time
1.70 2947 2022-08-05 16:49:16
Open Time18:00Close Time17:00
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