Future Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
EUROPEAN FOB RDAM MARINE FUEL 0.5% BARGE NOVEMBER 2022 (NYMEX:QR5F.X22)
Countertrend Up (+85) - QR5F.X22 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.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR5F.X22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR5F.X22
The long-term trend has been UP since Sep 29th, 2021 at 487.985
The intermediate-term trend has been UP since Aug 30th, 2021 at 467.025
The short-term trend has been UP since Sep 10th, 2021 at 470.330
Smart Scan Analysis for QR5F.X22
Based on our trend formula, QR5F.X22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).