Future Trend Analysis Report
Prepared for you on Friday, July 1, 2022.
3.5% FUEL OIL CIF MED JULY 2024 (NYMEX:Q7D.N24)
Sidelines Mode (+50) - Q7D.N24 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until Q7D.N24 can gain momentum.
Is it time to buy, sell, or avoid Q7D.N24?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q7D.N24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q7D.N24
The long-term trend has been DOWN since Aug 20th, 2021 at 316.914
The intermediate-term trend has been UP since Aug 30th, 2021 at 342.190
The short-term trend has been UP since Sep 10th, 2021 at 344.280
Smart Scan Analysis for Q7D.N24
Based on our trend formula, Q7D.N24 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).