Spread Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
BRENT CRUDE OIL - PENULTIMATE FINANCIAL NOV 22/APR 24 (NYMEX:QBB.X22-QBB.J24)
Strong Downtrend (-100) - QBB.X22-QBB.J24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QBB.X22-QBB.J24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QBB.X22-QBB.J24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QBB.X22-QBB.J24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QBB.X22-QBB.J24
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.X22-QBB.J24
Based on our trend formula, QBB.X22-QBB.J24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).