Future Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
CRUDE OIL BRENT LAST DAY Mar 2023 (NYMEX:BZ.H23)
Bear Market Rally (-75) - BZ.H23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BZ.H23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid BZ.H23?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.H23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.H23
The long-term trend has been DOWN since Jul 5th, 2022 at 93.52
The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 99.70
The short-term trend has been UP since Aug 12th, 2022 at 92.17
Smart Scan Analysis for BZ.H23
Based on our trend formula, BZ.H23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).