Future Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% Oct 2023 (NYMEX:QR53.V23)
Bull Market Weakness (+75) - QR53.V23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QR53.V23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QR53.V23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR53.V23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR53.V23
The long-term trend has been DOWN since May 27th, 2021 at 116.300
The intermediate-term trend has been UP since Aug 31st, 2021 at 112.160
The short-term trend has been UP since Sep 8th, 2021 at 115.407
Smart Scan Analysis for QR53.V23
Based on our trend formula, QR53.V23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).