Future Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
3.5% FUEL OIL CIF MED Oct 2021 (NYMEX:Q7D.V21)
Long-Term Uptrend (+90) - Q7D.V21 is in a strong uptrend that is likely to continue. While Q7D.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 Q7D.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q7D.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q7D.V21
The long-term trend has been UP since Dec 15th, 2020 at 266.313
The intermediate-term trend has been UP since Aug 27th, 2021 at 385.598
The short-term trend has been UP since Sep 10th, 2021 at 393.242
Smart Scan Analysis for Q7D.V21
Based on our trend formula, Q7D.V21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).