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Future Trend Analysis Report

Prepared for you on Monday, January 30, 2023.

CRUDE OIL BRENT LAST DAY Nov 2023 (NYMEX:BZ.X23)

Bear Market Rally (-75) - BZ.X23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BZ.X23 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid BZ.X23?

MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.X23.

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

NYMEX_BZ.X23
Open High Low BZ.X23 Price Change
84.19 84.39 84.19 83.98 +0.99
Entry Signal

MarketClub’s Trade Triangles for BZ.X23

long term down The long-term trend has been DOWN since Nov 21st, 2022 at 81.38

intermediate term down The intermediate-term trend has been DOWN since Dec 7th, 2022 at 79.45

short term up The short-term trend has been UP since Jan 18th, 2023 at 80.20

Smart Scan Analysis for BZ.X23

Based on our trend formula, BZ.X23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BZ.X23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
84.19 84.39 84.19 83.98 +0.99
Prev. Close Volume Bid Ask Time
84.53 61 2023-01-20 13:21:55
Expiration2023-09-29Open Time18:00
Close Time17:00
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