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Future Trend Analysis Report

Prepared for you on Thursday, November 30, 2023.

EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% NOVEMBER 2023 (NYMEX:QR53.X23)

Strong Downtrend (-100) - QR53.X23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QR53.X23 continues to fall. Traders should use caution and set stops.

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.

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NYMEX_QR53.X23
Open High Low QR53.X23 Price Change
114.668 114.668 114.668 114.668 0.000
Entry Signal

MarketClub’s Trade Triangles for QR53.X23

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for QR53.X23

Based on our trend formula, QR53.X23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for QR53.X23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
114.668 114.668 114.668 114.668 0.000
Prev. Close Volume Bid Ask Time
114.584 0 2023-11-27 00:00:00
Volatility69.45Expiration2023-11-30
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