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Future Trend Analysis Report

Prepared for you on Thursday, May 26, 2022.

MICRO EUROPEAN 3.5% FUEL OIL CARGOES FOB NOVEMBER 2024 (NYMEX:QM35.X24)

Long-Term Downtrend (-90) - QM35.X24 is in a strong downtrend that is likely to continue. While QM35.X24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid QM35.X24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QM35.X24.

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

NYMEX_QM35.X24
Open High Low QM35.X24 Price Change
467.178 467.178 467.178 467.178 0.000
Entry Signal

MarketClub’s Trade Triangles for QM35.X24

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for QM35.X24

Based on our trend formula, QM35.X24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QM35.X24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
467.178 467.178 467.178 467.178 0.000
Prev. Close Volume Bid Ask Time
467.178 0 2022-05-25 00:00:00
Volatility47.08Expiration2024-11-29
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