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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.
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MarketClub’s Trade Triangles for QM35.K23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
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
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 |
| Volatility | 36.9 | Expiration | 2023-05-31 |
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