Future Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
RBOB GASOLINE VS EUROBOB NON-OXY NWE May 2022 (NYMEX:QRGF.K22)
Countertrend Down (-85) - QRGF.K22 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid QRGF.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QRGF.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QRGF.K22
The long-term trend has been DOWN since Aug 20th, 2021 at 0.18995
The intermediate-term trend has been DOWN since Aug 16th, 2021 at 0.22882
The short-term trend has been UP since Sep 8th, 2021 at 0.22003
Smart Scan Analysis for QRGF.K22
Based on our trend formula, QRGF.K22 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).