Future Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
EUROPEAN FOB RDAM MARINE FUEL 0.5% BARGE Jun 2024 (NYMEX:QR5F.M24)
Crossroads (-60) - QR5F.M24 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QR5F.M24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR5F.M24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR5F.M24
The long-term trend has been DOWN since Jul 19th, 2021 at 423.030
The intermediate-term trend has been UP since Aug 30th, 2021 at 446.752
The short-term trend has been UP since Aug 23rd, 2021 at 426.195
Smart Scan Analysis for QR5F.M24
Based on our trend formula, QR5F.M24 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).