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.
MarketClub’s Trade Triangles for BZ.X20
The long-term trend has been UP since Jul 6th, 2020 at 43.74
The intermediate-term trend has been UP since May 18th, 2020 at 34.65
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).
|Contract High||77.19||Contract High Date||2018-10-03|
|Contract Low||59.9||Contract Low Date||2018-11-23|