Future Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
1% FUEL OIL CARGOES CIF NWE JUNE 2022 (NYMEX:Q1X.M22)
Bull Market Weakness (+75) - Q1X.M22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on Q1X.M22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid Q1X.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q1X.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q1X.M22
The long-term trend has been UP since Sep 28th, 2021 at 461.919
The intermediate-term trend has been UP since Aug 30th, 2021 at 442.561
The short-term trend has been UP since Sep 10th, 2021 at 449.191
Smart Scan Analysis for Q1X.M22
Based on our trend formula, Q1X.M22 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).