Future Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
3.5% FUEL OIL CIF MED VS 3.5% FOB MED Oct 2021 (NYMEX:QCMF.V21)
Sidelines Mode (+55) - QCMF.V21 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.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCMF.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCMF.V21
The long-term trend has been DOWN since Jun 3rd, 2021 at 6.893
The intermediate-term trend has been UP since Sep 14th, 2021 at 7.285
The short-term trend has been DOWN since Sep 23rd, 2021 at 7.290
Smart Scan Analysis for QCMF.V21
Based on our trend formula, QCMF.V21 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).