Future Trend Analysis Report
Prepared for you on Saturday, June 10, 2023.
1% FUEL OIL CARGOES CIF MED MAY 2023 (NYMEX:Q1W.K23)
Long-Term Downtrend (-90) - Q1W.K23 is in a strong downtrend that is likely to continue. While Q1W.K23 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 Q1W.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q1W.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q1W.K23
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 Q1W.K23
Based on our trend formula, Q1W.K23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).