Future Trend Analysis Report
Prepared for you on Saturday, May 21, 2022.
1% FUEL OIL CARGOES FOB NEW CRK SPRD MAY 2023 (NYMEX:QFVB.K23)
Long-Term Downtrend (-90) - QFVB.K23 is in a strong downtrend that is likely to continue. While QFVB.K23 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 QFVB.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QFVB.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QFVB.K23
The long-term trend has been DOWN since Nov 16th, 2020 at 2.093
The intermediate-term trend has been DOWN since Jun 21st, 2021 at -0.999
The short-term trend has been DOWN since Jun 4th, 2021 at 0.224
Smart Scan Analysis for QFVB.K23
Based on our trend formula, QFVB.K23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).