Future Trend Analysis Report
Prepared for you on Friday, September 29, 2023.
CRUDE OIL BRENT LAST DAY Dec 2023 (NYMEX:BZ.Z23)
Long-Term Uptrend (+90) - BZ.Z23 is in a strong uptrend that is likely to continue. While BZ.Z23 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.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.Z23
The long-term trend has been UP since Jul 28th, 2023 at 83.51
The intermediate-term trend has been UP since Jun 4th, 2023 at 76.74
The short-term trend has been UP since Sep 22nd, 2023 at 93.30
Smart Scan Analysis for BZ.Z23
Based on our trend formula, BZ.Z23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).