Future Trend Analysis Report
Prepared for you on Thursday, December 1, 2022.
SINGAPORE FOB MARINE FUEL 0.5% V 380 CST NOVEMBER 2022 (NYMEX:QS53.X22)
Long-Term Downtrend (-90) - QS53.X22 is in a strong downtrend that is likely to continue. While QS53.X22 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.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QS53.X22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QS53.X22
The long-term trend has been DOWN since Jun 3rd, 2021 at 124.36
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 118.85
The short-term trend has been DOWN since Sep 21st, 2021 at 120.63
Smart Scan Analysis for QS53.X22
Based on our trend formula, QS53.X22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).