Future Trend Analysis Report
Prepared for you on Friday, August 12, 2022.
BRENT CRUDE OIL LAST DAY Jan 2023 (NYMEX:QBZ.F23)
Sidelines Mode (-55) - QBZ.F23 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 QBZ.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QBZ.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QBZ.F23
The long-term trend has been DOWN since Jul 5th, 2022 at 93.91
The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 102.65
The short-term trend has been UP since Jul 18th, 2022 at 91.47
Smart Scan Analysis for QBZ.F23
Based on our trend formula, QBZ.F23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||112.75||52wk High Date||2022-06-08|
|52wk Low||66.66||52wk Low Date||2021-12-02|