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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.

NYMEX_QMME.X21
Open High Low QMME.X21 Price Change
738.802 738.802 738.802 738.802 0.000
Entry Signal

MarketClub’s Trade Triangles for QMME.X21

long term up The long-term trend has been UP since Dec 2nd, 2020 at 378.939

intermediate term up The intermediate-term trend has been UP since Aug 30th, 2021 at 624.705

short term up 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).

+80
Smart Scan Analysis for QMME.X21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
738.802 738.802 738.802 738.802 0.000
Prev. Close Volume Bid Ask Time
739.017 0 2021-11-26 00:00:00
Volatility22.99Expiration2021-11-30
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