Future Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
FREIGHT ROUTE TC7 (BALTIC) MAY 2026 (NYMEX:QTC7.K26)
Long-Term Uptrend (+90) - QTC7.K26 is in a strong uptrend that is likely to continue. While QTC7.K26 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.K26?
MarketClub looks at technical strength and momentum to determine if the timing is right for QTC7.K26.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QTC7.K26
The long-term trend has been UP since Jul 23rd, 2021 at 23.589
The intermediate-term trend has been UP since Jul 19th, 2021 at 23.419
The short-term trend has been UP since May 18th, 2021 at 23.385
Smart Scan Analysis for QTC7.K26
Based on our trend formula, QTC7.K26 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).