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Future Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

BRENT DATED FRONTLINE MAY 2024 (NYMEX:QFY.K24)

Bull Market Weakness (+75) - QFY.K24 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QFY.K24 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid QFY.K24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QFY.K24.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QFY.K24
Open High Low QFY.K24 Price Change
0.35 0.35 0.35 0.35 0.00
Entry Signal

MarketClub’s Trade Triangles for QFY.K24

long term up The long-term trend has been UP since Jul 13th, 2021 at 0.02

intermediate term up The intermediate-term trend has been UP since Sep 22nd, 2021 at 0.11

short term up The short-term trend has been UP since Aug 24th, 2021 at 0.05

Smart Scan Analysis for QFY.K24

Based on our trend formula, QFY.K24 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for QFY.K24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.35 0.35 0.35 0.35 0.00
Prev. Close Volume Bid Ask Time
0.35 0 2022-08-05 00:00:00
Volatility184.95Expiration2024-05-31
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