Future Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
EAST/WEST GASOLINE SPREAD Oct 2021 (NYMEX:QEWG.V21)
Strong Downtrend (-100) - QEWG.V21 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QEWG.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QEWG.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QEWG.V21
The long-term trend has been DOWN since Aug 3rd, 2021 at -0.577
The intermediate-term trend has been DOWN since Jul 29th, 2021 at -0.138
The short-term trend has been DOWN since Mar 9th, 2021 at 0.068
Smart Scan Analysis for QEWG.V21
Based on our trend formula, QEWG.V21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).