Future Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
MINI EUR 1 % FUEL OIL NWE May 2022 (NYMEX:Q0B.K22)
Countertrend Up (+85) - Q0B.K22 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 Q0B.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q0B.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q0B.K22
The long-term trend has been UP since Sep 16th, 2021 at 444.691
The intermediate-term trend has been UP since Aug 30th, 2021 at 424.673
The short-term trend has been UP since Sep 10th, 2021 at 431.394
Smart Scan Analysis for Q0B.K22
Based on our trend formula, Q0B.K22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).