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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.

NYMEX_CL.Z23_BZ.Z23
Open High Low CL.Z23_BZ.Z23 Price Change
-4.02 -3.98 -4.10 -3.98 +0.04
Entry Signal

MarketClub’s Trade Triangles for CL.Z23_BZ.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.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).

-70
Smart Scan Analysis for CL.Z23_BZ.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-4.02 -3.98 -4.10 -3.98 +0.04
Prev. Close Volume Bid Ask Time
-4.02 32 2021-01-15 11:30:35
Open Time09:00Close Time14:30
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