Future Trend Analysis Report
Prepared for you on Friday, June 9, 2023.
CRUDE OIL BRENT LAST DAY Jul 2023 (NYMEX:BZ.N23)
Strong Downtrend (-100) - BZ.N23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BZ.N23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BZ.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.N23
The long-term trend has been DOWN since May 3rd, 2023 at 71.34
The intermediate-term trend has been DOWN since Apr 26th, 2023 at 80.22
The short-term trend has been DOWN since May 25th, 2023 at 75.97
Smart Scan Analysis for BZ.N23
Based on our trend formula, BZ.N23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).