Future Trend Analysis Report
Prepared for you on Monday, December 6, 2021.
1% FUEL OIL CARGOES FOB NWE CRCK SPRD JULY 2023 (NYMEX:QFI.N23)
Long-Term Downtrend (-90) - QFI.N23 is in a strong downtrend that is likely to continue. While QFI.N23 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.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QFI.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QFI.N23
The long-term trend has been DOWN since Feb 18th, 2021 at 0.701
The intermediate-term trend has been DOWN since Jun 21st, 2021 at -1.120
The short-term trend has been DOWN since Jun 4th, 2021 at 0.105
Smart Scan Analysis for QFI.N23
Based on our trend formula, QFI.N23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).