Future Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
CRUDE OIL BRENT LAST DAY Aug 2023 (NYMEX:BZ.Q23)
Sidelines Mode (-55) - BZ.Q23 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.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.Q23
The long-term trend has been DOWN since Mar 15th, 2023 at 76.75
The intermediate-term trend has been DOWN since Apr 26th, 2023 at 79.88
The short-term trend has been UP since Jun 2nd, 2023 at 74.58
Smart Scan Analysis for BZ.Q23
Based on our trend formula, BZ.Q23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).