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Future Trend Analysis Report

Prepared for you on Thursday, May 26, 2022.

MICRO EUROPEAN 3.5% FUEL OIL CARGOES FOB May 2023 (NYMEX:QM35.K23)

Countertrend Up (+85) - QM35.K23 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.K23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QM35.K23.

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

NYMEX_QM35.K23
Open High Low QM35.K23 Price Change
540.05 540.05 540.05 540.05 0.00
Entry Signal

MarketClub’s Trade Triangles for QM35.K23

long term up The long-term trend has been UP since Jan 8th, 2021 at 259.341

intermediate term up The intermediate-term trend has been UP since Aug 30th, 2021 at 335.225

short term up The short-term trend has been UP since Sep 10th, 2021 at 336.250

Smart Scan Analysis for QM35.K23

Based on our trend formula, QM35.K23 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for QM35.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
540.05 540.05 540.05 540.05 0.00
Prev. Close Volume Bid Ask Time
542.14 0 2022-05-25 00:00:00
Volatility49.5Expiration2023-05-31
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