Future Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
NY FUEL OIL 1% VS EURO 1% FUEL OIL Sep 2022 (NYMEX:QNYF.U22)
Bear Market Rally (-75) - QNYF.U22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QNYF.U22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QNYF.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNYF.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNYF.U22
The long-term trend has been DOWN since Feb 17th, 2021 at 0.846
The intermediate-term trend has been UP since Aug 26th, 2021 at 0.038
The short-term trend has been DOWN since Sep 30th, 2021 at 0.071
Smart Scan Analysis for QNYF.U22
Based on our trend formula, QNYF.U22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).