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.
MarketClub’s Trade Triangles for Q1X.M23
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 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).