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Spread Trend Analysis Report

Prepared for you on Monday, December 5, 2022.

CRUDE OIL Dec 2023/Apr 2024 Spread (NYMEX:CL.Z23_J24)

Strong Downtrend (-100) - CL.Z23_J24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CL.Z23_J24 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.Z23_J24?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z23_J24.

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NYMEX_CL.Z23_J24
Open High Low CL.Z23_J24 Price Change
1.38 1.64 1.30 1.77 -0.16
Entry Signal

MarketClub’s Trade Triangles for CL.Z23_J24

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_J24

Based on our trend formula, CL.Z23_J24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CL.Z23_J24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.38 1.64 1.30 1.77 -0.16
Prev. Close Volume Bid Ask Time
1.64 67 2022-11-21 15:35:01
Open Time18:00Close Time17:00
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