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Future Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
MINI EUROPEAN FOB RDAM MARINE FUEL 0.5% Sep 2023 (NYMEX:QR5M.U23)
Countertrend Up (+85) - QR5M.U23 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 QR5M.U23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR5M.U23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for QR5M.U23
The long-term trend has been UP since Sep 28th, 2021 at 468.528
The intermediate-term trend has been UP since Aug 30th, 2021 at 448.260
The short-term trend has been UP since Sep 10th, 2021 at 453.050
Smart Scan Analysis for QR5M.U23
Based on our trend formula, QR5M.U23 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 646.645 | 646.645 | 646.645 | 646.645 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 641.400 | 0 | 2022-05-25 00:00:00 |
| Volatility | 56.5 | Expiration | 2023-09-29 |