Future Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
MINI MIDDLE EAST NAPHTHA FOB ARAB GULF NOVEMBER 2021 (NYMEX:QMME.X21)
Countertrend Up (+85) - QMME.X21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid QMME.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMME.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMME.X21
The long-term trend has been UP since Dec 2nd, 2020 at 378.939
The intermediate-term trend has been UP since Aug 30th, 2021 at 624.705
The short-term trend has been UP since Sep 10th, 2021 at 630.506
Smart Scan Analysis for QMME.X21
Based on our trend formula, QMME.X21 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).