Future Trend Analysis Report
Prepared for you on Thursday, December 2, 2021.
EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% Jan 2023 (NYMEX:QR53.F23)
Crossroads (-60) - QR53.F23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QR53.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR53.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR53.F23
The long-term trend has been DOWN since Jun 9th, 2021 at 119.79
The intermediate-term trend has been UP since Aug 31st, 2021 at 118.16
The short-term trend has been UP since Sep 28th, 2021 at 119.09
Smart Scan Analysis for QR53.F23
Based on our trend formula, QR53.F23 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).