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Spread Trend Analysis Report

Prepared for you on Tuesday, September 28, 2021.

CRUDE OIL Nov 2022/Dec 2022 Spread (NYMEX:CL.X22_Z22)

Weak Downtrend (-65) - CL.X22_Z22 is showing signs of a strengthening downtrend. Monitor CL.X22_Z22 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.X22_Z22?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X22_Z22.

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

NYMEX_CL.X22_Z22
Open High Low CL.X22_Z22 Price Change
0.49 0.52 0.49 0.51 +0.02
Entry Signal

MarketClub’s Trade Triangles for CL.X22_Z22

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_Z22

Based on our trend formula, CL.X22_Z22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.X22_Z22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.49 0.52 0.49 0.51 +0.02
Prev. Close Volume Bid Ask Time
0.49 20 2021-09-28 04:42:31
Open Time18:00Close Time17:00
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