Future Trend Analysis Report
Prepared for you on Tuesday, May 24, 2022.
EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% May 2023 (NYMEX:QR53.K23)
Weak Downtrend (-65) - QR53.K23 is showing signs of a strengthening downtrend. Monitor QR53.K23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid QR53.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR53.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR53.K23
The long-term trend has been DOWN since Jun 9th, 2021 at 117.79
The intermediate-term trend has been UP since Aug 31st, 2021 at 115.91
The short-term trend has been DOWN since Sep 16th, 2021 at 116.83
Smart Scan Analysis for QR53.K23
Based on our trend formula, QR53.K23 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).