Future Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
CRUDE OIL BRENT LAST DAY Dec 2024 (NYMEX:BZ.Z24)
Sidelines Mode (-55) - BZ.Z24 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BZ.Z24?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZ.Z24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZ.Z24
The long-term trend has been DOWN since Nov 9th, 2023 at 77.0
The intermediate-term trend has been DOWN since Nov 7th, 2023 at 80.0
The short-term trend has been UP since Nov 20th, 2023 at 78.2
Smart Scan Analysis for BZ.Z24
Based on our trend formula, BZ.Z24 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).