Future Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
CRUDE OIL BRENT LAST DAY Dec 2021 (NYMEX:BZ.Z21)
Long-Term Uptrend (+90) - BZ.Z21 is in a strong uptrend that is likely to continue. While BZ.Z21 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.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.Z21
The long-term trend has been UP since Jul 6th, 2020 at 45.77
The intermediate-term trend has been UP since May 17th, 2020 at 39.70
The short-term trend has been UP since Aug 3rd, 2020 at 47.32
Smart Scan Analysis for BZ.Z21
Based on our trend formula, BZ.Z21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||72.96||Contract High Date||2018-10-09|
|Contract Low||59.97||Contract Low Date||2018-11-23|