Future Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
BRENT CRUDE OIL LAST DAY Feb 2024 (NYMEX:QBZ.G24)
Long-Term Downtrend (-90) - QBZ.G24 is in a strong downtrend that is likely to continue. While QBZ.G24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QBZ.G24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QBZ.G24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QBZ.G24
The long-term trend has been DOWN since Nov 8th, 2023 at 80.74
The intermediate-term trend has been DOWN since Nov 8th, 2023 at 84.45
The short-term trend has been DOWN since Dec 1st, 2023 at 79.99
Smart Scan Analysis for QBZ.G24
Based on our trend formula, QBZ.G24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||91.85||52wk High Date||2023-09-19|
|52wk Low||70.01||52wk Low Date||2023-05-03|