Future Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
RME BIODIESEL FOB DRAM VS ICE GASOIL MAY 2022 (NYMEX:QBFR.K22)
Countertrend Up (+85) - QBFR.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 QBFR.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QBFR.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QBFR.K22
The long-term trend has been UP since Mar 15th, 2021 at 657.5
The intermediate-term trend has been UP since Jul 19th, 2021 at 745.0
The short-term trend has been DOWN since Sep 10th, 2021 at 915.0
Smart Scan Analysis for QBFR.K22
Based on our trend formula, QBFR.K22 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).