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Future Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

1% FUEL OIL CARGOES CIF NWE JUNE 2023 (NYMEX:Q1X.M23)

Strong Downtrend (-100) - Q1X.M23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, Q1X.M23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid Q1X.M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for Q1X.M23.

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

NYMEX_Q1X.M23
Open High Low Q1X.M23 Price Change
556.225 556.225 556.225 556.225 0.000
Entry Signal

MarketClub’s Trade Triangles for Q1X.M23

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 Q1X.M23

Based on our trend formula, Q1X.M23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for Q1X.M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
556.225 556.225 556.225 556.225 0.000
Prev. Close Volume Bid Ask Time
556.225 0 2022-08-17 00:00:00
Volatility37.62Expiration2023-06-30
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