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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.

NYMEX_QR53.X22
Open High Low QR53.X22 Price Change
109.7 109.7 109.7 109.7 0.0
Entry Signal

MarketClub’s Trade Triangles for QR53.X22

long term down The long-term trend has been DOWN since Jun 9th, 2021 at 120.29

intermediate term up The intermediate-term trend has been UP since Aug 31st, 2021 at 118.16

short term down 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).

-75
Smart Scan Analysis for QR53.X22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
109.7 109.7 109.7 109.7 0.0
Prev. Close Volume Bid Ask Time
109.7 0 2021-11-29 00:00:00
Volatility39.79Expiration2022-11-30
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