Future Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
FREIGHT ROUTE TD7 (BALTIC) Jul 2023 (NYMEX:QTK.N23)
Bear Market Rally (-75) - QTK.N23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QTK.N23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QTK.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QTK.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QTK.N23
The long-term trend has been DOWN since Oct 7th, 2020 at 6.978
The intermediate-term trend has been DOWN since Aug 13th, 2021 at 6.750
The short-term trend has been DOWN since Aug 13th, 2021 at 6.750
Smart Scan Analysis for QTK.N23
Based on our trend formula, QTK.N23 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).