Future Trend Analysis Report
Prepared for you on Monday, January 24, 2022.
EAST WEST NAPHTHA JAPAN CARGOES FOB NWE Jan 2022 (NYMEX:QEWN.F22)
Long-Term Downtrend (-90) - QEWN.F22 is in a strong downtrend that is likely to continue. While QEWN.F22 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 QEWN.F22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QEWN.F22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QEWN.F22
The long-term trend has been DOWN since Aug 27th, 2021 at 14.75
The intermediate-term trend has been DOWN since Aug 26th, 2021 at 15.75
The short-term trend has been DOWN since Sep 24th, 2021 at 15.50
Smart Scan Analysis for QEWN.F22
Based on our trend formula, QEWN.F22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).