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Future Trend Analysis Report

Prepared for you on Thursday, August 6, 2020.

CRUDE OIL BRENT LAST DAY Nov 2020 (NYMEX:BZ.X20)

Long-Term Uptrend (+90) - BZ.X20 is in a strong uptrend that is likely to continue. While BZ.X20 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.X20?

MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.X20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_BZ.X20
Open High Low BZ.X20 Price Change
45.70 45.93 45.55 45.68 +0.12
Entry Signal

MarketClub’s Trade Triangles for BZ.X20

long term up The long-term trend has been UP since Jul 6th, 2020 at 43.74

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 34.65

short term up The short-term trend has been UP since Aug 3rd, 2020 at 44.16

Smart Scan Analysis for BZ.X20

Based on our trend formula, BZ.X20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for BZ.X20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
45.70 45.93 45.55 45.68 +0.12
Prev. Close Volume Bid Ask Time
39.67 615 2020-08-06 03:26:00
Contract High77.19Contract High Date2018-10-03
Contract Low59.9Contract Low Date2018-11-23
Expiration2020-09-30Open Time18:00
Close Time17:00
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