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Spread Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

CRUDE OIL BRENT LAST DAY Feb 2022/Nov 2022 Spread (NYMEX:BZ.G22_X22)

Long-Term Downtrend (-90) - BZ.G22_X22 is in a strong downtrend that is likely to continue. While BZ.G22_X22 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 BZ.G22_X22?

MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.G22_X22.

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NYMEX_BZ.G22_X22
Open High Low BZ.G22_X22 Price Change
3.24 3.25 3.24 2.87 +0.68
Entry Signal

MarketClub’s Trade Triangles for BZ.G22_X22

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for BZ.G22_X22

Based on our trend formula, BZ.G22_X22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BZ.G22_X22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.24 3.25 3.24 2.87 +0.68
Prev. Close Volume Bid Ask Time
3.25 6 2021-12-03 09:22:28
Open Time18:00Close Time17:00
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