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Future Trend Analysis Report

Prepared for you on Tuesday, November 29, 2022.

CRUDE OIL BRENT LAST DAY Dec 2023 (NYMEX:BZ.Z23)

Long-Term Downtrend (-90) - BZ.Z23 is in a strong downtrend that is likely to continue. While BZ.Z23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

NYMEX_BZ.Z23
Open High Low BZ.Z23 Price Change
80.26 81.84 80.26 81.66 +1.70
Entry Signal

MarketClub’s Trade Triangles for BZ.Z23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 84.71

intermediate term down The intermediate-term trend has been DOWN since Nov 21st, 2022 at 79.81

short term down The short-term trend has been DOWN since Nov 27th, 2022 at 79.94

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).

-90
Smart Scan Analysis for BZ.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
80.26 81.84 80.26 81.66 +1.70
Prev. Close Volume Bid Ask Time
79.96 879 2022-11-29 04:06:15
Expiration2023-10-31Open Time18:00
Close Time17:00
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