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Spread Trend Analysis Report

Prepared for you on Saturday, July 11, 2020.

BRENT CRUDE OIL LAST DAY DEC 23/JUL 24 (NYMEX:QBZ.Z23-QBZ.N24)

Long-Term Downtrend (-90) - QBZ.Z23-QBZ.N24 is in a strong downtrend that is likely to continue. While QBZ.Z23-QBZ.N24 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.Z23-QBZ.N24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QBZ.Z23-QBZ.N24.

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

NYMEX_QBZ.Z23-QBZ.N24
Open High Low QBZ.Z23-QBZ.N24 Price Change
-0.86 -0.86 -0.86 -0.86 0.00
Entry Signal

MarketClub’s Trade Triangles for QBZ.Z23-QBZ.N24

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.Z23-QBZ.N24

Based on our trend formula, QBZ.Z23-QBZ.N24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QBZ.Z23-QBZ.N24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.86 -0.86 -0.86 -0.86 0.00
Prev. Close Volume Bid Ask Time
-0.91 0 2020-07-08 00:00:00
Expiration2023-10-31
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