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Spread Trend Analysis Report

Prepared for you on Saturday, January 22, 2022.

CRUDE OIL Dec 2024/Jan 2025 Spread (NYMEX:CL.Z24_F25)

Long-Term Downtrend (-90) - CL.Z24_F25 is in a strong downtrend that is likely to continue. While CL.Z24_F25 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.Z24_F25?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z24_F25.

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NYMEX_CL.Z24_F25
Open High Low CL.Z24_F25 Price Change
0.30 0.30 0.30 0.32 +0.01
Entry Signal

MarketClub’s Trade Triangles for CL.Z24_F25

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.Z24_F25

Based on our trend formula, CL.Z24_F25 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.Z24_F25
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.30 0.30 0.30 0.32 +0.01
Prev. Close Volume Bid Ask Time
0.30 18 2022-01-18 14:59:22
Open Time09:00Close Time14:30
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