Future Trend Analysis Report
Prepared for you on Saturday, January 29, 2022.
SINGAPORE FOB MARINE FUEL 0.5% (PLATTS) AUGUST 2024 (NYMEX:QS5F.Q24)
Long-Term Uptrend (+90) - QS5F.Q24 is in a strong uptrend that is likely to continue. While QS5F.Q24 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid QS5F.Q24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QS5F.Q24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QS5F.Q24
The long-term trend has been UP since Sep 29th, 2021 at 483.980
The intermediate-term trend has been UP since Aug 30th, 2021 at 462.395
The short-term trend has been UP since Sep 10th, 2021 at 467.096
Smart Scan Analysis for QS5F.Q24
Based on our trend formula, QS5F.Q24 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).