Spread Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
BRENT CRUDE OIL - PENULTIMATE FINANCIAL MAY 23/MAR 24 (NYMEX:QBB.K23-QBB.H24)
Strong Downtrend (-100) - QBB.K23-QBB.H24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QBB.K23-QBB.H24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QBB.K23-QBB.H24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QBB.K23-QBB.H24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QBB.K23-QBB.H24
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 QBB.K23-QBB.H24
Based on our trend formula, QBB.K23-QBB.H24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).