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Future Trend Analysis Report

Prepared for you on Saturday, November 27, 2021.

EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% NOVEMBER 2021 (NYMEX:QR53.X21)

Long-Term Downtrend (-90) - QR53.X21 is in a strong downtrend that is likely to continue. While QR53.X21 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.X21?

MarketClub looks at technical strength and momentum to determine if the timing is right for QR53.X21.

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NYMEX_QR53.X21
Open High Low QR53.X21 Price Change
132.582 132.582 132.582 132.582 0.000
Entry Signal

MarketClub’s Trade Triangles for QR53.X21

long term down The long-term trend has been DOWN since Jun 15th, 2021 at 115.895

intermediate term down The intermediate-term trend has been DOWN since Aug 9th, 2021 at 117.050

short term down The short-term trend has been DOWN since Sep 14th, 2021 at 115.070

Smart Scan Analysis for QR53.X21

Based on our trend formula, QR53.X21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QR53.X21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
132.582 132.582 132.582 132.582 0.000
Prev. Close Volume Bid Ask Time
133.049 0 2021-11-24 00:00:00
Volatility41.44Expiration2021-11-30
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