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Spread Trend Analysis Report

Prepared for you on Tuesday, August 11, 2020.

CRUDE OIL Dec 2021/Dec 2022 Spread (NYMEX:CL.Z21_Z22)

Weak Downtrend (-65) - CL.Z21_Z22 is showing signs of a strengthening downtrend. Monitor CL.Z21_Z22 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.Z21_Z22?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z21_Z22.

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

NYMEX_CL.Z21_Z22
Open High Low CL.Z21_Z22 Price Change
-0.90 -0.76 -0.92 -0.76 +0.18
Entry Signal

MarketClub’s Trade Triangles for CL.Z21_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.Z21_Z22

Based on our trend formula, CL.Z21_Z22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.Z21_Z22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.90 -0.76 -0.92 -0.76 +0.18
Prev. Close Volume Bid Ask Time
-1.65 357 2020-08-11 08:33:54
Open Time18:00Close Time17:00
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