Future Trend Analysis Report
Prepared for you on Sunday, May 28, 2023.
CRUDE OIL BRENT LAST DAY Aug 2023 (NYMEX:BZ.Q23)
Weak Downtrend (-65) - BZ.Q23 is showing signs of a strengthening downtrend. Monitor BZ.Q23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid BZ.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.Q23
The long-term trend has been DOWN since Mar 15th, 2023 at 76.75
The intermediate-term trend has been DOWN since Apr 26th, 2023 at 79.88
The short-term trend has been DOWN since May 25th, 2023 at 75.84
Smart Scan Analysis for BZ.Q23
Based on our trend formula, BZ.Q23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).