Future Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
EUROPEAN FOB RDAM MARINE FUEL 0.5% BARGE Oct 2024 (NYMEX:QR5F.V24)
Bull Market Weakness (+75) - QR5F.V24 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QR5F.V24 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QR5F.V24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR5F.V24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR5F.V24
The long-term trend has been UP since Sep 30th, 2021 at 471.084
The intermediate-term trend has been UP since Aug 30th, 2021 at 446.720
The short-term trend has been UP since Aug 23rd, 2021 at 426.342
Smart Scan Analysis for QR5F.V24
Based on our trend formula, QR5F.V24 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).