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Spread Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

CRUDE OIL Dec 2021/BZ Spread (NYMEX:CL.Z21_BZ.Z21)

Weak Downtrend (-65) - CL.Z21_BZ.Z21 is showing signs of a strengthening downtrend. Monitor CL.Z21_BZ.Z21 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.Z21_BZ.Z21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z21_BZ.Z21.

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

NYMEX_CL.Z21_BZ.Z21
Open High Low CL.Z21_BZ.Z21 Price Change
-3.61 -3.52 -3.63 -3.55 +0.05
Entry Signal

MarketClub’s Trade Triangles for CL.Z21_BZ.Z21

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.Z21_BZ.Z21

Based on our trend formula, CL.Z21_BZ.Z21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.Z21_BZ.Z21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-3.61 -3.52 -3.63 -3.55 +0.05
Prev. Close Volume Bid Ask Time
-3.62 1112 2020-06-01 12:21:53
Open Time18:00Close Time17:00
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