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Future Trend Analysis Report

Prepared for you on Wednesday, May 31, 2023.

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

Bear Market Rally (-75) - QM35.K23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QM35.K23 as it may be in the beginning of a reversal.

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
405.155 405.155 405.155 405.155 0.000
Entry Signal

MarketClub’s Trade Triangles for QM35.K23

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

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
405.155 405.155 405.155 405.155 0.000
Prev. Close Volume Bid Ask Time
405.155 0 2023-05-30 00:00:00
Volatility36.9Expiration2023-05-31
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