Future Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
CRUDE OIL BRENT LAST DAY Jul 2020 (NYMEX:BZ.N20)
Sidelines Mode (+55) - BZ.N20 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.N20?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.N20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.N20
The long-term trend has been DOWN since Feb 3rd, 2020 at 55.59
The intermediate-term trend has been UP since May 15th, 2020 at 32.49
The short-term trend has been DOWN since May 22nd, 2020 at 34.37
Smart Scan Analysis for BZ.N20
Based on our trend formula, BZ.N20 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||78.74||Contract High Date||2018-10-03|
|Contract Low||59.97||Contract Low Date||2018-11-23|