Future Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
BRENT CRUDE OIL LAST DAY Jun 2021 (NYMEX:QBZ.M21)
Weak Downtrend (-65) - QBZ.M21 is showing signs of a strengthening downtrend. Monitor QBZ.M21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid QBZ.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QBZ.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QBZ.M21
The long-term trend has been DOWN since Oct 1st, 2020 at 42.74
The intermediate-term trend has been DOWN since Sep 3rd, 2020 at 46.69
The short-term trend has been UP since Oct 6th, 2020 at 44.42
Smart Scan Analysis for QBZ.M21
Based on our trend formula, QBZ.M21 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||70.65||52wk High Date||2018-10-18|
|52wk Low||34.26||52wk Low Date||2020-04-22|