Future Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
FREIGHT ROUTE TD19 (BALTIC) MAY 2022 (NYMEX:QTDM.K22)
Countertrend Down (-85) - QTDM.K22 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid QTDM.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QTDM.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QTDM.K22
The long-term trend has been DOWN since Dec 18th, 2020 at 9.566
The intermediate-term trend has been DOWN since Dec 18th, 2020 at 9.652
The short-term trend has been UP since Aug 31st, 2021 at 8.466
Smart Scan Analysis for QTDM.K22
Based on our trend formula, QTDM.K22 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).