Future Trend Analysis Report
Prepared for you on Thursday, June 8, 2023.
EUROPEAN 1% FUEL OIL CARGOES FOB NWE MAY 2023 (NYMEX:QAUF.K23)
Bear Market Rally (-75) - QAUF.K23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QAUF.K23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QAUF.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QAUF.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QAUF.K23
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 QAUF.K23
Based on our trend formula, QAUF.K23 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).