Future Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
CRUDE OIL BRENT LAST DAY Jun 2024 (NYMEX:BZ.M24)
Strong Downtrend (-100) - BZ.M24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BZ.M24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BZ.M24?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.M24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.M24
The long-term trend has been DOWN since Nov 8th, 2023 at 79.08
The intermediate-term trend has been DOWN since Nov 7th, 2023 at 82.10
The short-term trend has been DOWN since Dec 1st, 2023 at 79.27
Smart Scan Analysis for BZ.M24
Based on our trend formula, BZ.M24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).