Future Trend Analysis Report
Prepared for you on Thursday, December 2, 2021.
SINGAPORE FOB MARINE FUEL 0.5% V 380 CST NOVEMBER 2024 (NYMEX:QS53.X24)
Strong Downtrend (-100) - QS53.X24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QS53.X24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QS53.X24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QS53.X24
The long-term trend has been DOWN since Apr 7th, 2021 at 118.37
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 108.20
The short-term trend has been DOWN since Sep 23rd, 2021 at 111.48
Smart Scan Analysis for QS53.X24
Based on our trend formula, QS53.X24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).