Future Trend Analysis Report
Prepared for you on Thursday, December 9, 2021.
CRUDE OIL BRENT LAST DAY Nov 2022 (NYMEX:BZ.X22)
Sidelines Mode (+50) - BZ.X22 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BZ.X22 can gain momentum.
Is it time to buy, sell, or avoid BZ.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.X22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.X22
The long-term trend has been DOWN since Dec 2nd, 2021 at 74.24
The intermediate-term trend has been UP since Oct 13th, 2021 at 74.24
The short-term trend has been UP since Dec 7th, 2021 at 69.08
Smart Scan Analysis for BZ.X22
Based on our trend formula, BZ.X22 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).