Future Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
FREIGHT ROUTE TC7 (BALTIC) Oct 2022 (NYMEX:QTC7.V22)
Long-Term Uptrend (+90) - QTC7.V22 is in a strong uptrend that is likely to continue. While QTC7.V22 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.V22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QTC7.V22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QTC7.V22
The long-term trend has been UP since Jan 29th, 2021 at 24.480
The intermediate-term trend has been UP since Oct 1st, 2021 at 25.148
The short-term trend has been UP since Oct 1st, 2021 at 25.148
Smart Scan Analysis for QTC7.V22
Based on our trend formula, QTC7.V22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).