Future Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
FREIGHT ROUTE TC7 (BALTIC) May 2023 (NYMEX:QTC7.K23)
Long-Term Uptrend (+90) - QTC7.K23 is in a strong uptrend that is likely to continue. While QTC7.K23 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.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QTC7.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QTC7.K23
The long-term trend has been UP since Aug 2nd, 2021 at 24.098
The intermediate-term trend has been UP since Jul 19th, 2021 at 23.962
The short-term trend has been UP since May 18th, 2021 at 23.928
Smart Scan Analysis for QTC7.K23
Based on our trend formula, QTC7.K23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).