Future Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
CRUDE OIL BRENT LAST DAY Jun 2020 (NYMEX:BZ.M20)
Sidelines Mode (-55) - BZ.M20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BZ.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.M20
The long-term trend has been DOWN since Feb 2nd, 2020 at 55.70
The intermediate-term trend has been DOWN since Feb 25th, 2020 at 54.34
The short-term trend has been UP since Apr 2nd, 2020 at 27.60
Smart Scan Analysis for BZ.M20
Based on our trend formula, BZ.M20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||79.14||Contract High Date||2018-10-03|
|Contract Low||60.01||Contract Low Date||2018-11-23|