Future Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
NY FUEL OIL 1% VS EURO 1% FUEL OIL JUNE 2023 (NYMEX:QNYF.M23)
Weak Downtrend (-65) - QNYF.M23 is showing signs of a strengthening downtrend. Monitor QNYF.M23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid QNYF.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNYF.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNYF.M23
The long-term trend has been UP since Aug 27th, 2021 at 1.016
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 0.500
The short-term trend has been DOWN since Sep 1st, 2021 at 0.908
Smart Scan Analysis for QNYF.M23
Based on our trend formula, QNYF.M23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).