Spread Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
CRUDE OIL BRENT LAST DAY Jan 2020/Nov 2023 Spread (NYMEX:BZ.F20_X23.E)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BZ.F20_X23.E
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 BZ.F20_X23.E
Based on a pre-defined weighted trend formula for chart analysis, BZ.F20_X23.E scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||8.82||Contract High Date||2018-05-16|
|Contract Low||1.85||Contract Low Date||2018-02-13|
|Open Time||18:00||Close Time||17:00|