Future Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
MINI MIDDLE EAST NAPHTHA FOB ARAB GULF JUNE 2022 (NYMEX:QMME.M22)
Bull Market Weakness (+75) - QMME.M22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QMME.M22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QMME.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMME.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMME.M22
The long-term trend has been UP since Sep 21st, 2021 at 594.275
The intermediate-term trend has been UP since Aug 30th, 2021 at 575.170
The short-term trend has been UP since Sep 10th, 2021 at 577.478
Smart Scan Analysis for QMME.M22
Based on our trend formula, QMME.M22 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).