Future Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
SINGAPORE FOB MARINE FUEL 0.5% V 380 CST JUNE 2022 (NYMEX:QS53.M22)
Long-Term Downtrend (-90) - QS53.M22 is in a strong downtrend that is likely to continue. While QS53.M22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QS53.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QS53.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QS53.M22
The long-term trend has been DOWN since Jun 18th, 2021 at 121.45
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 117.35
The short-term trend has been DOWN since Sep 22nd, 2021 at 120.63
Smart Scan Analysis for QS53.M22
Based on our trend formula, QS53.M22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).