Future Trend Analysis Report
Prepared for you on Wednesday, September 28, 2022.
3.5% FUEL OIL CIF MED VS 3.5% FOB MED SEPTEMBER 2022 (NYMEX:QCMF.U22)
Sidelines Mode (+55) - QCMF.U22 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QCMF.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCMF.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCMF.U22
The long-term trend has been DOWN since Jun 7th, 2021 at 6.893
The intermediate-term trend has been UP since Sep 21st, 2021 at 7.286
The short-term trend has been DOWN since Sep 23rd, 2021 at 7.286
Smart Scan Analysis for QCMF.U22
Based on our trend formula, QCMF.U22 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).