Future Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
EUROPEAN FOB RDAM MARINE FUEL 0.5% BARGE DECEMBER 2022 (NYMEX:QR5F.Z22)
Bull Market Weakness (+75) - QR5F.Z22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QR5F.Z22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QR5F.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR5F.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR5F.Z22
The long-term trend has been UP since Sep 28th, 2021 at 483.945
The intermediate-term trend has been UP since Aug 30th, 2021 at 464.885
The short-term trend has been UP since Sep 10th, 2021 at 468.080
Smart Scan Analysis for QR5F.Z22
Based on our trend formula, QR5F.Z22 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).