Future Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
MINI 1% FUEL OIL CARGOES FOB MED Oct 2021 (NYMEX:QMFD.V21)
Long-Term Uptrend (+90) - QMFD.V21 is in a strong uptrend that is likely to continue. While QMFD.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 QMFD.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMFD.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMFD.V21
The long-term trend has been UP since Dec 4th, 2020 at 321.661
The intermediate-term trend has been UP since Aug 30th, 2021 at 450.098
The short-term trend has been UP since Sep 10th, 2021 at 463.592
Smart Scan Analysis for QMFD.V21
Based on our trend formula, QMFD.V21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).