Future Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% MAY 2020 (NYMEX:QR53.K20)
Long-Term Downtrend (-90) - QR53.K20 is in a strong downtrend that is likely to continue. While QR53.K20 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 QR53.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR53.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR53.K20
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QR53.K20
Based on our trend formula, QR53.K20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).