Future Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
BRENT CRUDE OIL LAST DAY Jul 2023 (NYMEX:QBZ.N23)
Strong Downtrend (-100) - QBZ.N23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QBZ.N23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QBZ.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QBZ.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QBZ.N23
The long-term trend has been DOWN since Jul 5th, 2022 at 88.91
The intermediate-term trend has been DOWN since Apr 26th, 2023 at 80.22
The short-term trend has been DOWN since May 30th, 2023 at 75.72
Smart Scan Analysis for QBZ.N23
Based on our trend formula, QBZ.N23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||93.01||52wk High Date||2022-07-29|
|52wk Low||68.2||52wk Low Date||2023-05-03|