Future Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
1% FUEL OIL CARGOES CIF NWE Oct 2021 (NYMEX:Q1X.V21)
Long-Term Uptrend (+90) - Q1X.V21 is in a strong uptrend that is likely to continue. While Q1X.V21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid Q1X.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q1X.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q1X.V21
The long-term trend has been UP since Dec 10th, 2020 at 334.048
The intermediate-term trend has been UP since Aug 30th, 2021 at 459.848
The short-term trend has been UP since Sep 10th, 2021 at 473.342
Smart Scan Analysis for Q1X.V21
Based on our trend formula, Q1X.V21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).