Future Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
SINGAPORE MARINE FUEL 0.5% VS. EUROPEAN JANUARY 2023 (NYMEX:QSR5.F23)
Long-Term Downtrend (-90) - QSR5.F23 is in a strong downtrend that is likely to continue. While QSR5.F23 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 QSR5.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QSR5.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QSR5.F23
The long-term trend has been DOWN since Aug 26th, 2021 at 17.865
The intermediate-term trend has been DOWN since Oct 1st, 2021 at 20.840
The short-term trend has been DOWN since Oct 1st, 2021 at 22.520
Smart Scan Analysis for QSR5.F23
Based on our trend formula, QSR5.F23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).