Spread Trend Analysis Report
Prepared for you on Thursday, July 9, 2020.
BRENT CRUDE OIL LAST DAY JUN 22/AUG 24 (NYMEX:QBZ.M22-QBZ.Q24)
Long-Term Downtrend (-90) - QBZ.M22-QBZ.Q24 is in a strong downtrend that is likely to continue. While QBZ.M22-QBZ.Q24 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.M22-QBZ.Q24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QBZ.M22-QBZ.Q24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QBZ.M22-QBZ.Q24
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.M22-QBZ.Q24
Based on our trend formula, QBZ.M22-QBZ.Q24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).