Future Trend Analysis Report
Prepared for you on Friday, July 1, 2022.
MICRO EUROPEAN 3.5% FUEL OIL CARGOES FOB JUNE 2022 (NYMEX:QM35.M22)
Countertrend Up (+85) - QM35.M22 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.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM35.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM35.M22
The long-term trend has been UP since Jan 5th, 2021 at 256.550
The intermediate-term trend has been UP since Aug 27th, 2021 at 357.300
The short-term trend has been UP since Sep 10th, 2021 at 360.154
Smart Scan Analysis for QM35.M22
Based on our trend formula, QM35.M22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).