Future Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
MIDDLE EAST GASOIL FOB ARAB GULF NOVEMBER 2023 (NYMEX:QMPE.X23)
Long-Term Downtrend (-90) - QMPE.X23 is in a strong downtrend that is likely to continue. While QMPE.X23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QMPE.X23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMPE.X23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMPE.X23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QMPE.X23
Based on our trend formula, QMPE.X23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).