Future Trend Analysis Report
Prepared for you on Monday, December 6, 2021.
EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% Nov 2023 (NYMEX:QR53.X23)
Weak Downtrend (-65) - QR53.X23 is showing signs of a strengthening downtrend. Monitor QR53.X23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid QR53.X23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR53.X23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR53.X23
The long-term trend has been DOWN since Apr 7th, 2021 at 116.55
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 113.25
The short-term trend has been DOWN since Sep 16th, 2021 at 115.33
Smart Scan Analysis for QR53.X23
Based on our trend formula, QR53.X23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).