Future Trend Analysis Report
Prepared for you on Thursday, January 27, 2022.
EURO 1% FUEL OIL CARGOES FOB MED JANUARY 2022 (NYMEX:QEFM.F22)
Long-Term Uptrend (+90) - QEFM.F22 is in a strong uptrend that is likely to continue. While QEFM.F22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid QEFM.F22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QEFM.F22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QEFM.F22
The long-term trend has been UP since Sep 28th, 2021 at 463.593
The intermediate-term trend has been UP since Aug 30th, 2021 at 441.438
The short-term trend has been UP since Sep 10th, 2021 at 450.369
Smart Scan Analysis for QEFM.F22
Based on our trend formula, QEFM.F22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).