Future Trend Analysis Report
Prepared for you on Thursday, May 19, 2022.
3.5% FUEL OIL CIF MED May 2022 (NYMEX:Q7D.K22)
Countertrend Up (+85) - Q7D.K22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid Q7D.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q7D.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q7D.K22
The long-term trend has been UP since Jan 5th, 2021 at 268.282
The intermediate-term trend has been UP since Aug 30th, 2021 at 366.807
The short-term trend has been UP since Sep 10th, 2021 at 369.356
Smart Scan Analysis for Q7D.K22
Based on our trend formula, Q7D.K22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).