Future Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
EURO 1% FUEL OIL CARGOES FOB MED JUNE 2022 (NYMEX:QEFM.M22)
Strong Downtrend (-100) - QEFM.M22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QEFM.M22 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QEFM.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QEFM.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QEFM.M22
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QEFM.M22
Based on our trend formula, QEFM.M22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).