Spread Trend Analysis Report
Prepared for you on Friday, May 20, 2022.
BRENT CRUDE OIL LAST DAY MAY 23/MAY 28 (NYMEX:QBZ.K23-QBZ.K28)
Strong Downtrend (-100) - QBZ.K23-QBZ.K28 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QBZ.K23-QBZ.K28 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QBZ.K23-QBZ.K28?
MarketClub looks at technical strength and momentum to determine if the timing is right for QBZ.K23-QBZ.K28.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QBZ.K23-QBZ.K28
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 QBZ.K23-QBZ.K28
Based on our trend formula, QBZ.K23-QBZ.K28 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).