Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
EAST WEST NAPHTHA JAPAN CARGOES FOB NWE JUNE 2022 (NYMEX:QEWN.M22)
Long-Term Downtrend (-90) - QEWN.M22 is in a strong downtrend that is likely to continue. While QEWN.M22 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.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QEWN.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QEWN.M22
The long-term trend has been DOWN since Sep 27th, 2021 at 14.750
The intermediate-term trend has been DOWN since Aug 27th, 2021 at 16.000
The short-term trend has been DOWN since Sep 27th, 2021 at 14.875
Smart Scan Analysis for QEWN.M22
Based on our trend formula, QEWN.M22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).