Future Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
MINI 3.5% FUEL OIL CARGOES FOB MED Oct 2021 (NYMEX:QMMF.V21)
Long-Term Uptrend (+90) - QMMF.V21 is in a strong uptrend that is likely to continue. While QMMF.V21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid QMMF.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMMF.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMMF.V21
The long-term trend has been UP since Dec 17th, 2020 at 259.670
The intermediate-term trend has been UP since Aug 27th, 2021 at 376.384
The short-term trend has been UP since Sep 10th, 2021 at 385.992
Smart Scan Analysis for QMMF.V21
Based on our trend formula, QMMF.V21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).