Future Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
SINGAPORE FOB MARINE FUEL 0.5% V 380 CST OCTOBER 2021 (NYMEX:QS53.V21)
Weak Downtrend (-65) - QS53.V21 is showing signs of a strengthening downtrend. Monitor QS53.V21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid QS53.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QS53.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QS53.V21
The long-term trend has been DOWN since Aug 9th, 2021 at 117.240
The intermediate-term trend has been DOWN since Aug 4th, 2021 at 120.730
The short-term trend has been DOWN since Sep 22nd, 2021 at 111.155
Smart Scan Analysis for QS53.V21
Based on our trend formula, QS53.V21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).