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Spread Trend Analysis Report

Prepared for you on Thursday, January 27, 2022.

CRUDE OIL Nov 2022/Feb 2023 Spread (NYMEX:CL.X22_G23)

Weak Downtrend (-65) - CL.X22_G23 is showing signs of a strengthening downtrend. Monitor CL.X22_G23 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.X22_G23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X22_G23.

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

NYMEX_CL.X22_G23
Open High Low CL.X22_G23 Price Change
2.21 2.21 2.19 2.21 +0.09
Entry Signal

MarketClub’s Trade Triangles for CL.X22_G23

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_G23

Based on our trend formula, CL.X22_G23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.X22_G23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.21 2.21 2.19 2.21 +0.09
Prev. Close Volume Bid Ask Time
2.12 12 2022-01-27 09:20:46
Open Time18:00Close Time17:00
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