Future Trend Analysis Report
Prepared for you on Thursday, December 9, 2021.
EAST WEST NAPHTHA JAPAN CARGOES FOB NWE NOVEMBER 2021 (NYMEX:QEWN.X21)
Bear Market Rally (-75) - QEWN.X21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QEWN.X21 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QEWN.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QEWN.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QEWN.X21
The long-term trend has been DOWN since Aug 27th, 2021 at 14.375
The intermediate-term trend has been DOWN since Aug 26th, 2021 at 15.250
The short-term trend has been DOWN since Sep 14th, 2021 at 15.625
Smart Scan Analysis for QEWN.X21
Based on our trend formula, QEWN.X21 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).