Future Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
MINI EUROPEAN FOB RDAM MARINE FUEL 0.5% Oct 2021 (NYMEX:QR5M.V21)
Strong Uptrend (+100) - QR5M.V21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, QR5M.V21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid QR5M.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR5M.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR5M.V21
The long-term trend has been UP since Oct 5th, 2021 at 523.048
The intermediate-term trend has been UP since Aug 30th, 2021 at 496.473
The short-term trend has been UP since Sep 10th, 2021 at 499.822
Smart Scan Analysis for QR5M.V21
Based on our trend formula, QR5M.V21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).