Future Trend Analysis Report
Prepared for you on Saturday, May 27, 2023.
FREIGHT ROUTE TD8 (BALTIC) MAY 2023 (NYMEX:QTD8.K23)
Long-Term Downtrend (-90) - QTD8.K23 is in a strong downtrend that is likely to continue. While QTD8.K23 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 QTD8.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QTD8.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QTD8.K23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QTD8.K23
Based on our trend formula, QTD8.K23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).