Future Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
FREIGHT ROUTE TC18 (BALTIC) Oct 2021 (NYMEX:QT8C.V21)
Long-Term Downtrend (-90) - QT8C.V21 is in a strong downtrend that is likely to continue. While QT8C.V21 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 QT8C.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QT8C.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QT8C.V21
The long-term trend has been DOWN since Apr 30th, 2021 at 26.081
The intermediate-term trend has been DOWN since Aug 18th, 2021 at 26.198
The short-term trend has been DOWN since Aug 18th, 2021 at 26.198
Smart Scan Analysis for QT8C.V21
Based on our trend formula, QT8C.V21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).