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Spread Trend Analysis Report

Prepared for you on Sunday, December 8, 2019.

CRUDE OIL Dec 2022/Dec 2023 Spread (NYMEX:CL.Z22_Z23)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

NYMEX_CL.Z22_Z23
Open High Low CL.Z22_Z23 Price Change
0.09 0.27 0.07 0.22 +0.08
Entry Signal

MarketClub’s Trade Triangles for CL.Z22_Z23

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.Z22_Z23

Based on a pre-defined weighted trend formula for chart analysis, CL.Z22_Z23 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for CL.Z22_Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09 0.27 0.07 0.22 +0.08
Prev. Close Volume Bid Ask Time
0.22 286 2019-12-06 16:21:36
Open Time09:00Close Time14:30
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