Future Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
EURO 1% FUEL OIL CARGOES FOB MED JULY 2021 (NYMEX:QEFM.N21)
Long-Term Downtrend (-90) - QEFM.N21 is in a strong downtrend that is likely to continue. While QEFM.N21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QEFM.N21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QEFM.N21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QEFM.N21
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.N21
Based on our trend formula, QEFM.N21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).