Future Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
FAME 0 BIODIESEL FOB RDAM JANUARY 2023 (NYMEX:QFBD.F23)
Sidelines Mode (+55) - QFBD.F23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QFBD.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QFBD.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QFBD.F23
The long-term trend has been UP since Feb 8th, 2021 at 977.333
The intermediate-term trend has been UP since Sep 3rd, 2021 at 1266.500
The short-term trend has been DOWN since Sep 10th, 2021 at 1282.667
Smart Scan Analysis for QFBD.F23
Based on our trend formula, QFBD.F23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).