Future Trend Analysis Report
Prepared for you on Thursday, July 7, 2022.
CRUDE OIL BRENT LAST DAY Aug 2022 (NYMEX:BZ.Q22)
Weak Downtrend (-65) - BZ.Q22 is showing signs of a strengthening downtrend. Monitor BZ.Q22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid BZ.Q22?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.Q22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.Q22
The long-term trend has been UP since Jan 6th, 2022 at 79.21
The intermediate-term trend has been DOWN since Jun 21st, 2022 at 111.72
The short-term trend has been DOWN since Jun 30th, 2022 at 115.40
Smart Scan Analysis for BZ.Q22
Based on our trend formula, BZ.Q22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).