Future Trend Analysis Report
Prepared for you on Wednesday, May 25, 2022.
1% FUEL OIL CARGOES CIF NWE MAY 2022 (NYMEX:Q1X.K22)
Bull Market Weakness (+75) - Q1X.K22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on Q1X.K22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid Q1X.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q1X.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q1X.K22
The long-term trend has been UP since Sep 27th, 2021 at 464.512
The intermediate-term trend has been UP since Aug 30th, 2021 at 444.511
The short-term trend has been UP since Sep 10th, 2021 at 451.602
Smart Scan Analysis for Q1X.K22
Based on our trend formula, Q1X.K22 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).