Future Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
CRUDE OIL BRENT LAST DAY Nov 2020 (NYMEX:BZ.X20)
Bull Market Weakness (+75) - BZ.X20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BZ.X20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid BZ.X20?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.X20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.X20
The long-term trend has been DOWN since Feb 3rd, 2020 at 59.45
The intermediate-term trend has been UP since May 18th, 2020 at 34.65
The short-term trend has been UP since Jun 1st, 2020 at 38.36
Smart Scan Analysis for BZ.X20
Based on our trend formula, BZ.X20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||77.19||Contract High Date||2018-10-03|
|Contract Low||59.9||Contract Low Date||2018-11-23|