Future Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% Oct 2021 (NYMEX:QR53.V21)
Weak Downtrend (-65) - QR53.V21 is showing signs of a strengthening downtrend. Monitor QR53.V21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid QR53.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR53.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR53.V21
The long-term trend has been DOWN since Aug 13th, 2021 at 112.645
The intermediate-term trend has been DOWN since Aug 9th, 2021 at 115.800
The short-term trend has been DOWN since Sep 16th, 2021 at 112.060
Smart Scan Analysis for QR53.V21
Based on our trend formula, QR53.V21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).