Future Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
MINI MIDDLE EAST NAPHTHA FOB ARAB GULF Oct 2021 (NYMEX:QMME.V21)
Strong Uptrend (+100) - QMME.V21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, QMME.V21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid QMME.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMME.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMME.V21
The long-term trend has been UP since Nov 3rd, 2020 at 342.884
The intermediate-term trend has been UP since Aug 30th, 2021 at 633.561
The short-term trend has been UP since Sep 10th, 2021 at 639.504
Smart Scan Analysis for QMME.V21
Based on our trend formula, QMME.V21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).