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Spread Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

CRUDE OIL BRENT LAST DAY Nov 2022/Jun 2023 Spread (NYMEX:BZ.X22_M23)

Strong Downtrend (-100) - BZ.X22_M23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BZ.X22_M23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid BZ.X22_M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.X22_M23.

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

NYMEX_BZ.X22_M23
Open High Low BZ.X22_M23 Price Change
5.51 5.51 5.26 5.59 -0.47
Entry Signal

MarketClub’s Trade Triangles for BZ.X22_M23

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.X22_M23

Based on our trend formula, BZ.X22_M23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for BZ.X22_M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.51 5.51 5.26 5.59 -0.47
Prev. Close Volume Bid Ask Time
5.26 4 2022-08-10 17:28:51
Open Time18:00Close Time17:00
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