Future Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% JULY 2022 (NYMEX:QR53.N22)
Long-Term Downtrend (-90) - QR53.N22 is in a strong downtrend that is likely to continue. While QR53.N22 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.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR53.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR53.N22
The long-term trend has been DOWN since Jun 9th, 2021 at 120.04
The intermediate-term trend has been DOWN since Oct 5th, 2021 at 116.72
The short-term trend has been DOWN since Sep 15th, 2021 at 116.83
Smart Scan Analysis for QR53.N22
Based on our trend formula, QR53.N22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).