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Index Trend Analysis Report

Prepared for you on Wednesday, May 27, 2020.

United States Brent Oil Fund ETF (GIF:BNO)

Crossroads (+60) - BNO is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid BNO?

MarketClub looks at technical strength and momentum to determine if the timing is right for BNO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

GIF_BNO
Open High Low BNO Price Change
9.5831 9.5982 9.0652 9.1462 -0.4317
Entry Signal

MarketClub’s Trade Triangles for BNO

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 17.9590

intermediate term up The intermediate-term trend has been UP since May 15th, 2020 at 8.4782

short term up The short-term trend has been UP since May 14th, 2020 at 8.2844

Smart Scan Analysis for BNO

Based on our trend formula, BNO is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for BNO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.5831 9.5982 9.0652 9.1462 -0.4317
Prev. Close Volume Bid Ask Time
8.0034 0 2020-05-27 19:14:45
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