Future Trend Analysis Report
Prepared for you on Saturday, August 13, 2022.
EUROPEAN FOB RDAM MARINE FUEL 0.5% BARGE APRIL 2023 (NYMEX:QR5F.J23)
Countertrend Up (+85) - QR5F.J23 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid QR5F.J23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR5F.J23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR5F.J23
The long-term trend has been UP since Oct 1st, 2021 at 477.445
The intermediate-term trend has been UP since Aug 30th, 2021 at 457.885
The short-term trend has been UP since Sep 10th, 2021 at 460.830
Smart Scan Analysis for QR5F.J23
Based on our trend formula, QR5F.J23 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).