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Future Trend Analysis Report

Prepared for you on Tuesday, May 24, 2022.

FREIGHT ROUTE TC7 (BALTIC) May 2022 (NYMEX:QTC7.K22)

Long-Term Uptrend (+90) - QTC7.K22 is in a strong uptrend that is likely to continue. While QTC7.K22 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 QTC7.K22?

MarketClub looks at technical strength and momentum to determine if the timing is right for QTC7.K22.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QTC7.K22
Open High Low QTC7.K22 Price Change
61.9193 61.9193 61.9193 61.9193 0.0000
Entry Signal

MarketClub’s Trade Triangles for QTC7.K22

long term up The long-term trend has been UP since Jul 1st, 2021 at 23.497

intermediate term up The intermediate-term trend has been UP since May 4th, 2021 at 23.259

short term up The short-term trend has been UP since Sep 30th, 2021 at 23.616

Smart Scan Analysis for QTC7.K22

Based on our trend formula, QTC7.K22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for QTC7.K22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.9193 61.9193 61.9193 61.9193 0.0000
Prev. Close Volume Bid Ask Time
61.2010 0 2022-05-23 00:00:00
Volatility81.07Expiration2022-05-31
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