Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
NY HARBOR ULSD VS GASOIL 1000BBL JUNE 2022 (NYMEX:QNLS.M22)
Long-Term Downtrend (-90) - QNLS.M22 is in a strong downtrend that is likely to continue. While QNLS.M22 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 QNLS.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNLS.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNLS.M22
The long-term trend has been DOWN since Aug 20th, 2021 at 0.1600
The intermediate-term trend has been DOWN since Aug 17th, 2021 at 0.2123
The short-term trend has been DOWN since Sep 2nd, 2021 at 0.1881
Smart Scan Analysis for QNLS.M22
Based on our trend formula, QNLS.M22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).