Future Trend Analysis Report
Prepared for you on Wednesday, April 21, 2021.
CRUDE OIL BRENT LAST DAY Jun 2022 (NYMEX:BZ.M22)
Long-Term Uptrend (+90) - BZ.M22 is in a strong uptrend that is likely to continue. While BZ.M22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid BZ.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.M22
The long-term trend has been UP since Dec 17th, 2020 at 49.74
The intermediate-term trend has been UP since Nov 9th, 2020 at 45.86
The short-term trend has been UP since Apr 13th, 2021 at 60.10
Smart Scan Analysis for BZ.M22
Based on our trend formula, BZ.M22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).