Future Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
EUROPEAN LOW SUL GASOIL CRACK SPREAD Oct 2021 (NYMEX:QGZ.V21)
Long-Term Uptrend (+90) - QGZ.V21 is in a strong uptrend that is likely to continue. While QGZ.V21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid QGZ.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QGZ.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QGZ.V21
The long-term trend has been UP since Sep 2nd, 2021 at 9.868
The intermediate-term trend has been UP since Aug 17th, 2021 at 8.837
The short-term trend has been UP since Sep 9th, 2021 at 10.017
Smart Scan Analysis for QGZ.V21
Based on our trend formula, QGZ.V21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).