Future Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
CRUDE OIL BRENT LAST DAY Jan 2024 (NYMEX:BZ.F24)
Weak Downtrend (-65) - BZ.F24 is showing signs of a strengthening downtrend. Monitor BZ.F24 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid BZ.F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.F24
The long-term trend has been DOWN since Nov 7th, 2023 at 81.18
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 88.92
The short-term trend has been UP since Nov 29th, 2023 at 82.11
Smart Scan Analysis for BZ.F24
Based on our trend formula, BZ.F24 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).