Free Daily Analysis
Future Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
BRENT DATED FRONTLINE Aug 2024 (NYMEX:QFY.Q24)
Countertrend Up (+85) - QFY.Q24 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid QFY.Q24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QFY.Q24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for QFY.Q24
The long-term trend has been UP since Jul 15th, 2021 at 0.02
The intermediate-term trend has been UP since Sep 22nd, 2021 at 0.11
The short-term trend has been UP since Aug 24th, 2021 at 0.05
Smart Scan Analysis for QFY.Q24
Based on our trend formula, QFY.Q24 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.33 | 0.33 | 0.33 | 0.33 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.33 | 0 | 2022-08-15 00:00:00 |
| Volatility | 180.98 | Expiration | 2024-08-30 |