Future Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
NY FUEL OIL 1% VS EURO 1% FUEL OIL Apr 2023 (NYMEX:QNYF.J23)
Sidelines Mode (-50) - QNYF.J23 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until QNYF.J23 can gain momentum.
Is it time to buy, sell, or avoid QNYF.J23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNYF.J23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNYF.J23
The long-term trend has been UP since Aug 25th, 2021 at 0.736
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 0.403
The short-term trend has been DOWN since Sep 1st, 2021 at 0.875
Smart Scan Analysis for QNYF.J23
Based on our trend formula, QNYF.J23 is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).