Index Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
United States Brent Oil Fund ETF (GIF:BNO)
Sidelines Mode (-55) - BNO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BNO?
MarketClub looks at technical strength and momentum to determine if the timing is right for BNO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BNO
The long-term trend has been UP since Jul 15th, 2020 at 11.4116
The intermediate-term trend has been DOWN since Sep 3rd, 2020 at 11.3267
The short-term trend has been UP since Sep 16th, 2020 at 10.4591
Smart Scan Analysis for BNO
Based on our trend formula, BNO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).