Future Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
FAME 0 BIODIESEL FOB RDAM VS ICE GASOIL Jun 2022 (NYMEX:QFBT.M22)
Countertrend Up (+85) - QFBT.M22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid QFBT.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QFBT.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QFBT.M22
The long-term trend has been UP since Mar 15th, 2021 at 567.5
The intermediate-term trend has been UP since Aug 6th, 2021 at 635.0
The short-term trend has been UP since Sep 24th, 2021 at 760.0
Smart Scan Analysis for QFBT.M22
Based on our trend formula, QFBT.M22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).