Future Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
CRUDE OIL BRENT LAST DAY Jun 2023 (NYMEX:BZ.M23)
Strong Uptrend (+100) - BZ.M23 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BZ.M23 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid BZ.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.M23
The long-term trend has been UP since Nov 10th, 2020 at 45.64
The intermediate-term trend has been UP since May 17th, 2022 at 96.04
The short-term trend has been UP since May 23rd, 2022 at 94.02
Smart Scan Analysis for BZ.M23
Based on our trend formula, BZ.M23 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).