Future Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
EUROPEAN FOB RDAM MARINE FUEL 0.5% BARGE DECEMBER 2023 (NYMEX:QR5F.Z23)
Bull Market Weakness (+75) - QR5F.Z23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QR5F.Z23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QR5F.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR5F.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR5F.Z23
The long-term trend has been UP since Sep 29th, 2021 at 465.371
The intermediate-term trend has been UP since Aug 30th, 2021 at 443.924
The short-term trend has been UP since Aug 23rd, 2021 at 423.216
Smart Scan Analysis for QR5F.Z23
Based on our trend formula, QR5F.Z23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).