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