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Future Trend Analysis Report

Prepared for you on Tuesday, December 5, 2023.

BRENT CRUDE OIL LAST DAY Mar 2024 (NYMEX:QBZ.H24)

Strong Downtrend (-100) - QBZ.H24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QBZ.H24 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid QBZ.H24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QBZ.H24.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QBZ.H24
Open High Low QBZ.H24 Price Change
79.04 79.63 77.56 78.21 -0.56
Entry Signal

MarketClub’s Trade Triangles for QBZ.H24

long term down The long-term trend has been DOWN since Nov 8th, 2023 at 80.51

intermediate term down The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 87.55

short term down The short-term trend has been DOWN since Nov 17th, 2023 at 80.15

Smart Scan Analysis for QBZ.H24

Based on our trend formula, QBZ.H24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for QBZ.H24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
79.04 79.63 77.56 78.21 -0.56
Prev. Close Volume Bid Ask Time
78.07 14304 77.31 78.40 2023-12-04 16:58:09
52wk High95.352wk High Date2022-06-14
52wk Low70.1852wk Low Date2023-05-03
Volatility26.44Expiration2024-01-31
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