Free Daily Analysis
Spread Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
CRUDE OIL Dec 2021/Feb 2022 Spread (NYMEX:CL.Z21_G22)
Long-Term Downtrend (-90) - CL.Z21_G22 is in a strong downtrend that is likely to continue. While CL.Z21_G22 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.Z21_G22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z21_G22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CL.Z21_G22
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for CL.Z21_G22
Based on our trend formula, CL.Z21_G22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| -0.34 | -0.34 | -0.35 | -0.35 | +0.02 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.36 | 4 | 2020-05-22 08:09:25 |
| Open Time | 18:00 | Close Time | 17:00 |