Future Trend Analysis Report
Prepared for you on Sunday, January 23, 2022.
MINI EUROPEAN FOB RDAM MARINE FUEL 0.5% NOVEMBER 2024 (NYMEX:QR5M.X24)
Countertrend Up (+85) - QR5M.X24 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.X24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR5M.X24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR5M.X24
The long-term trend has been UP since Sep 28th, 2021 at 470.782
The intermediate-term trend has been UP since Aug 30th, 2021 at 446.711
The short-term trend has been UP since Aug 23rd, 2021 at 426.376
Smart Scan Analysis for QR5M.X24
Based on our trend formula, QR5M.X24 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).