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Spread Trend Analysis Report

Prepared for you on Monday, September 21, 2020.

CRUDE OIL Dec 2020/BZ Spread (NYMEX:CL.Z20_BZ.M21)

Long-Term Downtrend (-90) - CL.Z20_BZ.M21 is in a strong downtrend that is likely to continue. While CL.Z20_BZ.M21 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.Z20_BZ.M21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z20_BZ.M21.

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

NYMEX_CL.Z20_BZ.M21
Open High Low CL.Z20_BZ.M21 Price Change
-4.30 -4.30 -4.30 -4.47 +1.84
Entry Signal

MarketClub’s Trade Triangles for CL.Z20_BZ.M21

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.Z20_BZ.M21

Based on our trend formula, CL.Z20_BZ.M21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.Z20_BZ.M21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-4.30 -4.30 -4.30 -4.47 +1.84
Prev. Close Volume Bid Ask Time
-6.31 4 2020-09-01 09:15:27
Open Time09:00Close Time14:30
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