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.
MarketClub’s Trade Triangles for QM35.N23
The long-term trend has been UP since Jan 8th, 2021 at 262.358
The intermediate-term trend has been UP since Aug 30th, 2021 at 332.850
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).