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.
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 at
The intermediate-term trend has been DOWN since at
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).