Future Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
1% FUEL OIL CARGOES FOB NWE CRCK SPRD JUNE 2022 (NYMEX:QFI.M22)
Long-Term Downtrend (-90) - QFI.M22 is in a strong downtrend that is likely to continue. While QFI.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 QFI.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QFI.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QFI.M22
The long-term trend has been DOWN since May 20th, 2021 at -0.007
The intermediate-term trend has been DOWN since Oct 5th, 2021 at 0.459
The short-term trend has been DOWN since Jun 18th, 2021 at 0.036
Smart Scan Analysis for QFI.M22
Based on our trend formula, QFI.M22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).