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Future Trend Analysis Report

Prepared for you on Friday, May 27, 2022.

MICRO EUROPEAN 3.5% FUEL OIL CARGOES FOB Jan 2023 (NYMEX:QM35.F23)

Countertrend Up (+85) - QM35.F23 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 QM35.F23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QM35.F23.

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

NYMEX_QM35.F23
Open High Low QM35.F23 Price Change
561.843 561.843 561.843 561.843 0.000
Entry Signal

MarketClub’s Trade Triangles for QM35.F23

long term up The long-term trend has been UP since Jan 5th, 2021 at 254.489

intermediate term up The intermediate-term trend has been UP since Aug 30th, 2021 at 342.225

short term up The short-term trend has been UP since Sep 10th, 2021 at 343.500

Smart Scan Analysis for QM35.F23

Based on our trend formula, QM35.F23 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for QM35.F23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
561.843 561.843 561.843 561.843 0.000
Prev. Close Volume Bid Ask Time
565.311 0 2022-05-25 00:00:00
Volatility52.34Expiration2023-01-31
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