Future Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
EAST/WEST FUEL OIL SPREAD OCTOBER 2021 (NYMEX:FEW.V21)
Weak Downtrend (-65) - FEW.V21 is showing signs of a strengthening downtrend. Monitor FEW.V21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid FEW.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for FEW.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FEW.V21
The long-term trend has been UP since Aug 3rd, 2021 at 24.75
The intermediate-term trend has been DOWN since Oct 5th, 2021 at 37.88
The short-term trend has been DOWN since Oct 5th, 2021 at 39.25
Smart Scan Analysis for FEW.V21
Based on our trend formula, FEW.V21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).