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Future Trend Analysis Report

Prepared for you on Tuesday, May 24, 2022.

MICRO EUROPEAN 3.5% FUEL OIL CARGOES FOB MAY 2024 (NYMEX:QM35.K24)

Sidelines Mode (+50) - QM35.K24 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until QM35.K24 can gain momentum.

Is it time to buy, sell, or avoid QM35.K24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QM35.K24.

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

NYMEX_QM35.K24
Open High Low QM35.K24 Price Change
473.272 473.272 473.272 473.272 0.000
Entry Signal

MarketClub’s Trade Triangles for QM35.K24

long term down The long-term trend has been DOWN since Jul 7th, 2021 at 333.653

intermediate term up The intermediate-term trend has been UP since Aug 27th, 2021 at 336.216

short term up The short-term trend has been UP since Sep 10th, 2021 at 338.648

Smart Scan Analysis for QM35.K24

Based on our trend formula, QM35.K24 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for QM35.K24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
473.272 473.272 473.272 473.272 0.000
Prev. Close Volume Bid Ask Time
473.272 0 2022-05-23 00:00:00
Volatility48.66Expiration2024-05-31
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