Future Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
MINI ULSD10PPM CARGOES CIF V GASOIL MAY 2022 (NYMEX:QMGN.K22)
Bear Market Rally (-75) - QMGN.K22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QMGN.K22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QMGN.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMGN.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMGN.K22
The long-term trend has been DOWN since Aug 16th, 2021 at 5.000
The intermediate-term trend has been DOWN since Aug 13th, 2021 at 5.125
The short-term trend has been UP since Sep 20th, 2021 at 4.500
Smart Scan Analysis for QMGN.K22
Based on our trend formula, QMGN.K22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).