Future Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
EAST/WEST FUEL OIL SPREAD MAY 2020 (NYMEX:FEW.K20)
Long-Term Downtrend (-90) - FEW.K20 is in a strong downtrend that is likely to continue. While FEW.K20 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid FEW.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for FEW.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FEW.K20
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for FEW.K20
Based on our trend formula, FEW.K20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).