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Spread Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

CRUDE OIL Dec 2024/Jun 2025 Spread (NYMEX:CL.Z24_M25)

Weak Downtrend (-65) - CL.Z24_M25 is showing signs of a strengthening downtrend. Monitor CL.Z24_M25 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.Z24_M25?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z24_M25.

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

NYMEX_CL.Z24_M25
Open High Low CL.Z24_M25 Price Change
2.14 2.21 2.12 2.21 +0.14
Entry Signal

MarketClub’s Trade Triangles for CL.Z24_M25

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_M25

Based on our trend formula, CL.Z24_M25 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.Z24_M25
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.14 2.21 2.12 2.21 +0.14
Prev. Close Volume Bid Ask Time
2.07 65 2022-08-18 10:21:30
Open Time18:00Close Time17:00
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