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Future Trend Analysis Report

Prepared for you on Sunday, August 7, 2022.

1% FUEL OIL CARGOES CIF MED Aug 2023 (NYMEX:Q1W.Q23)

Strong Downtrend (-100) - Q1W.Q23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, Q1W.Q23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid Q1W.Q23?

MarketClub looks at technical strength and momentum to determine if the timing is right for Q1W.Q23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_Q1W.Q23
Open High Low Q1W.Q23 Price Change
555.714 555.714 555.714 555.714 0.000
Entry Signal

MarketClub’s Trade Triangles for Q1W.Q23

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for Q1W.Q23

Based on our trend formula, Q1W.Q23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for Q1W.Q23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
555.714 555.714 555.714 555.714 0.000
Prev. Close Volume Bid Ask Time
555.714 0 2022-08-05 00:00:00
Volatility37.21Expiration2023-08-31
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