Future Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
SINGAPORE FUEL OIL SPREAD MAY 2024 (NYMEX:QSD.K24)
Countertrend Down (-85) - QSD.K24 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid QSD.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QSD.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QSD.K24
The long-term trend has been DOWN since May 28th, 2021 at 13.000
The intermediate-term trend has been DOWN since Dec 31st, 2020 at 11.750
The short-term trend has been UP since Sep 22nd, 2021 at 10.875
Smart Scan Analysis for QSD.K24
Based on our trend formula, QSD.K24 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).