Future Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
MINI 3.5% FUEL OIL CARGOES FOB MED JULY 2024 (NYMEX:QMMF.N24)
Countertrend Up (+85) - QMMF.N24 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 QMMF.N24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMMF.N24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMMF.N24
The long-term trend has been UP since Sep 2nd, 2021 at 340.424
The intermediate-term trend has been UP since Aug 27th, 2021 at 334.988
The short-term trend has been UP since Sep 10th, 2021 at 337.613
Smart Scan Analysis for QMMF.N24
Based on our trend formula, QMMF.N24 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).