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.
MarketClub’s Trade Triangles for BNO
The long-term trend has been DOWN since Feb 3rd, 2020 at 17.9590
The intermediate-term trend has been UP since May 15th, 2020 at 8.4782
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).