Future Trend Analysis Report
Prepared for you on Monday, January 30, 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 Jul 5th, 2022 at 79.98
The intermediate-term trend has been UP since Jan 17th, 2023 at 77.45
The short-term trend has been DOWN since Jan 25th, 2023 at 78.25
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).