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Prepared for you on Tuesday, August 16, 2022.

BRENT CRUDE OIL - PENULTIMATE FINANCIAL NOV 22/MAY 23 (NYMEX:QBB.X22-QBB.K23)

Long-Term Downtrend (-90) - QBB.X22-QBB.K23 is in a strong downtrend that is likely to continue. While QBB.X22-QBB.K23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid QBB.X22-QBB.K23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QBB.X22-QBB.K23.

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

NYMEX_QBB.X22-QBB.K23
Open High Low QBB.X22-QBB.K23 Price Change
5.36 5.36 5.36 5.36 0.00
Entry Signal

MarketClub’s Trade Triangles for QBB.X22-QBB.K23

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 QBB.X22-QBB.K23

Based on our trend formula, QBB.X22-QBB.K23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QBB.X22-QBB.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.36 5.36 5.36 5.36 0.00
Prev. Close Volume Bid Ask Time
5.36 0 2022-08-15 00:00:00
Expiration2022-09-29
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