Spread Trend Analysis Report
Prepared for you on Friday, January 15, 2021.
CRUDE OIL Dec 2023/BZ Spread (NYMEX:CL.Z23_BZ.Z23)
Weak Downtrend (-65) - CL.Z23_BZ.Z23 is showing signs of a strengthening downtrend. Monitor CL.Z23_BZ.Z23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.Z23_BZ.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z23_BZ.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Z23_BZ.Z23
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.Z23_BZ.Z23
Based on our trend formula, CL.Z23_BZ.Z23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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