Future Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% NOVEMBER 2022 (NYMEX:QR53.X22)
Bear Market Rally (-75) - QR53.X22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QR53.X22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QR53.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR53.X22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR53.X22
The long-term trend has been DOWN since Jun 9th, 2021 at 120.29
The intermediate-term trend has been UP since Aug 31st, 2021 at 118.16
The short-term trend has been DOWN since Sep 16th, 2021 at 118.58
Smart Scan Analysis for QR53.X22
Based on our trend formula, QR53.X22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).