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.
MarketClub’s Trade Triangles for QBZ.H24
The long-term trend has been DOWN since Nov 8th, 2023 at 80.51
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 87.55
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).
|52wk High||95.3||52wk High Date||2022-06-14|
|52wk Low||70.18||52wk Low Date||2023-05-03|