Free Daily Analysis

Spread Trend Analysis Report

Prepared for you on Friday, May 14, 2021.

BRENT CRUDE OIL LAST DAY MAY 23/NOV 24 (NYMEX:QBZ.K23-QBZ.X24)

Long-Term Downtrend (-90) - QBZ.K23-QBZ.X24 is in a strong downtrend that is likely to continue. While QBZ.K23-QBZ.X24 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 QBZ.K23-QBZ.X24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QBZ.K23-QBZ.X24.

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

NYMEX_QBZ.K23-QBZ.X24
Open High Low QBZ.K23-QBZ.X24 Price Change
2.31 2.31 2.31 2.31 0.00
Entry Signal

MarketClub’s Trade Triangles for QBZ.K23-QBZ.X24

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 QBZ.K23-QBZ.X24

Based on our trend formula, QBZ.K23-QBZ.X24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QBZ.K23-QBZ.X24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.31 2.31 2.31 2.31 0.00
Prev. Close Volume Bid Ask Time
2.48 0 2021-05-11 00:00:00
Expiration2023-03-31
Get a free daily analysis and signals for BRENT CRUDE OIL LAST DAY MAY 23/NOV 24 (QBZ.K23-QBZ.X24) - Request Your Free Report.