Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
EURO 1% FUEL OIL CARGOES FOB MED Sep 2022 (NYMEX:QEFM.U22)
Countertrend Up (+85) - QEFM.U22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid QEFM.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QEFM.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QEFM.U22
The long-term trend has been UP since Sep 20th, 2021 at 443.052
The intermediate-term trend has been UP since Aug 30th, 2021 at 423.662
The short-term trend has been UP since Sep 10th, 2021 at 430.489
Smart Scan Analysis for QEFM.U22
Based on our trend formula, QEFM.U22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).