Spread Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
CRUDE OIL BRENT LAST DAY Dec 2023/Jan 2024 Spread (NYMEX:BZ.Z23_F24)
Strong Downtrend (-100) - BZ.Z23_F24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BZ.Z23_F24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BZ.Z23_F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.Z23_F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.Z23_F24
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for BZ.Z23_F24
Based on our trend formula, BZ.Z23_F24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Open Time||18:00||Close Time||17:00|