Spread Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
BRENT CRUDE OIL LAST DAY DEC 23/AUG 29 (NYMEX:QBZ.Z23-QBZ.Q29)
Long-Term Downtrend (-90) - QBZ.Z23-QBZ.Q29 is in a strong downtrend that is likely to continue. While QBZ.Z23-QBZ.Q29 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.Q29?
MarketClub looks at technical strength and momentum to determine if the timing is right for QBZ.Z23-QBZ.Q29.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QBZ.Z23-QBZ.Q29
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.Z23-QBZ.Q29
Based on our trend formula, QBZ.Z23-QBZ.Q29 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).