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Future Trend Analysis Report

Prepared for you on Saturday, October 1, 2022.

RME BIODIESEL FOB DRAM VS ICE GASOIL SEPTEMBER 2022 (NYMEX:QBFR.U22)

Countertrend Up (+85) - QBFR.U22 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.U22?

MarketClub looks at technical strength and momentum to determine if the timing is right for QBFR.U22.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QBFR.U22
Open High Low QBFR.U22 Price Change
638.219 638.219 638.219 638.219 0.000
Entry Signal

MarketClub’s Trade Triangles for QBFR.U22

long term up The long-term trend has been UP since Mar 15th, 2021 at 657.5

intermediate term up The intermediate-term trend has been UP since Jul 19th, 2021 at 745.0

short term up The short-term trend has been UP since Sep 21st, 2021 at 885.0

Smart Scan Analysis for QBFR.U22

Based on our trend formula, QBFR.U22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for QBFR.U22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
638.219 638.219 638.219 638.219 0.000
Prev. Close Volume Bid Ask Time
638.918 0 2022-09-29 00:00:00
Volatility84.9Expiration2022-09-30
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