Future Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
WTI HOUSTON VS BRENT CROSS-MONTH DECEMBER 2023 (NYMEX:QHBX.Z23)
Long-Term Downtrend (-90) - QHBX.Z23 is in a strong downtrend that is likely to continue. While QHBX.Z23 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 QHBX.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QHBX.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QHBX.Z23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QHBX.Z23
Based on our trend formula, QHBX.Z23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).