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Future Trend Analysis Report

Prepared for you on Wednesday, June 29, 2022.

EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% Jun 2022 (NYMEX:QR53.M22)

Long-Term Downtrend (-90) - QR53.M22 is in a strong downtrend that is likely to continue. While QR53.M22 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.M22?

MarketClub looks at technical strength and momentum to determine if the timing is right for QR53.M22.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QR53.M22
Open High Low QR53.M22 Price Change
290.395 290.395 290.395 290.395 0.000
Entry Signal

MarketClub’s Trade Triangles for QR53.M22

long term down The long-term trend has been DOWN since Jun 9th, 2021 at 119.68

intermediate term down The intermediate-term trend has been DOWN since Sep 30th, 2021 at 113.65

short term down The short-term trend has been DOWN since Sep 15th, 2021 at 116.83

Smart Scan Analysis for QR53.M22

Based on our trend formula, QR53.M22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QR53.M22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
290.395 290.395 290.395 290.395 0.000
Prev. Close Volume Bid Ask Time
290.395 0 2022-06-27 00:00:00
Volatility78.38Expiration2022-06-30
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