Future Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
3.5% FUEL OIL BARGES FOB RDAM CRCK SPRD JUNE 2022 (NYMEX:QFO.M22)
Long-Term Downtrend (-90) - QFO.M22 is in a strong downtrend that is likely to continue. While QFO.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 QFO.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QFO.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QFO.M22
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QFO.M22
Based on our trend formula, QFO.M22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).