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Spread Trend Analysis Report

Prepared for you on Tuesday, January 18, 2022.

CRUDE OIL Dec 2022/Dec 2024 Spread (NYMEX:CL.Z22_Z24)

Weak Downtrend (-65) - CL.Z22_Z24 is showing signs of a strengthening downtrend. Monitor CL.Z22_Z24 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.Z22_Z24?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z22_Z24.

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

NYMEX_CL.Z22_Z24
Open High Low CL.Z22_Z24 Price Change
11.01 11.06 10.71 11.06 +0.22
Entry Signal

MarketClub’s Trade Triangles for CL.Z22_Z24

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_Z24

Based on our trend formula, CL.Z22_Z24 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.Z22_Z24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.01 11.06 10.71 11.06 +0.22
Prev. Close Volume Bid Ask Time
10.84 3 2022-01-18 09:02:11
Open Time18:00Close Time17:00
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