Future Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
MICRO SINGAPORE FUEL OIL 380CST (PLATTS) Oct 2021 (NYMEX:QMAF.V21)
Long-Term Uptrend (+90) - QMAF.V21 is in a strong uptrend that is likely to continue. While QMAF.V21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid QMAF.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMAF.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMAF.V21
The long-term trend has been UP since Dec 15th, 2020 at 280.686
The intermediate-term trend has been UP since Aug 25th, 2021 at 396.634
The short-term trend has been UP since Sep 2nd, 2021 at 407.028
Smart Scan Analysis for QMAF.V21
Based on our trend formula, QMAF.V21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).