Future Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
MICRO EUROPEAN FOB RDAM MARINE FUEL 0.5% Nov 2023 (NYMEX:QR5O.X23)
Weak Downtrend (-65) - QR5O.X23 is showing signs of a strengthening downtrend. Monitor QR5O.X23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid QR5O.X23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR5O.X23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR5O.X23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QR5O.X23
Based on our trend formula, QR5O.X23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).