Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
SINGAPORE MARINE FUEL 0.5% VS. EUROPEAN JUNE 2022 (NYMEX:QSR5.M22)
Long-Term Downtrend (-90) - QSR5.M22 is in a strong downtrend that is likely to continue. While QSR5.M22 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.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QSR5.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QSR5.M22
The long-term trend has been DOWN since Aug 26th, 2021 at 17.057
The intermediate-term trend has been DOWN since Aug 24th, 2021 at 19.251
The short-term trend has been DOWN since Sep 10th, 2021 at 19.977
Smart Scan Analysis for QSR5.M22
Based on our trend formula, QSR5.M22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).