Free Daily Analysis

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.

NYMEX_QR53.X23
Open High Low QR53.X23 Price Change
116.1 116.1 116.1 116.1 0.0
Entry Signal

MarketClub’s Trade Triangles for QR53.X23

long term down The long-term trend has been DOWN since Apr 7th, 2021 at 116.55

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2021 at 113.25

short term down 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).

-70
Smart Scan Analysis for QR53.X23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
116.1 116.1 116.1 116.1 0.0
Prev. Close Volume Bid Ask Time
116.1 0 2021-12-03 00:00:00
Volatility55.79Expiration2023-11-30
Get a free daily analysis and signals for EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% Nov 2023 (QR53.X23) - Request Your Free Report.