Future Trend Analysis Report
Prepared for you on Wednesday, September 28, 2022.
EAST/WEST FUEL OIL SPREAD SEPTEMBER 2022 (NYMEX:FEW.U22)
Countertrend Up (+85) - FEW.U22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid FEW.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for FEW.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FEW.U22
The long-term trend has been UP since Sep 28th, 2021 at 29.410
The intermediate-term trend has been UP since Aug 16th, 2021 at 28.605
The short-term trend has been UP since Sep 10th, 2021 at 27.784
Smart Scan Analysis for FEW.U22
Based on our trend formula, FEW.U22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).