Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Wednesday, May 18, 2022.

MICRO EUROPEAN 3.5% FUEL OIL CARGOES FOB Jul 2023 (NYMEX:QM35.N23)

Strong Uptrend (+100) - QM35.N23 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, QM35.N23 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid QM35.N23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QM35.N23.

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

NYMEX_QM35.N23
Open High Low QM35.N23 Price Change
535.102 535.102 535.102 535.102 0.000
Entry Signal

MarketClub’s Trade Triangles for QM35.N23

long term up The long-term trend has been UP since Jan 8th, 2021 at 262.358

intermediate term up The intermediate-term trend has been UP since Aug 30th, 2021 at 332.850

short term up The short-term trend has been UP since Sep 10th, 2021 at 333.750

Smart Scan Analysis for QM35.N23

Based on our trend formula, QM35.N23 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for QM35.N23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
535.102 535.102 535.102 535.102 0.000
Prev. Close Volume Bid Ask Time
535.102 0 2022-05-17 00:00:00
Volatility48.07Expiration2023-07-31
Get a free daily analysis and signals for MICRO EUROPEAN 3.5% FUEL OIL CARGOES FOB Jul 2023 (QM35.N23) - Request Your Free Report.