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Spread Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

CRUDE OIL BRENT LAST DAY Dec 2022/Mar 2023 Spread (NYMEX:BZ.Z22_H23)

Strong Downtrend (-100) - BZ.Z22_H23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BZ.Z22_H23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid BZ.Z22_H23?

MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.Z22_H23.

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

NYMEX_BZ.Z22_H23
Open High Low BZ.Z22_H23 Price Change
2.58 2.59 2.53 2.53 -0.07
Entry Signal

MarketClub’s Trade Triangles for BZ.Z22_H23

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.Z22_H23

Based on our trend formula, BZ.Z22_H23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for BZ.Z22_H23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.58 2.59 2.53 2.53 -0.07
Prev. Close Volume Bid Ask Time
2.60 6 2022-08-09 03:25:16
Open Time18:00Close Time17:00
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