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Future Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

FREIGHT ROUTE TD7 (BALTIC) Oct 2023 (NYMEX:QTK.V23)

Bear Market Rally (-75) - QTK.V23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QTK.V23 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid QTK.V23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QTK.V23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QTK.V23
Open High Low QTK.V23 Price Change
7.743 7.743 7.743 7.743 0.000
Entry Signal

MarketClub’s Trade Triangles for QTK.V23

long term down The long-term trend has been DOWN since Nov 16th, 2020 at 6.759

intermediate term down The intermediate-term trend has been DOWN since Aug 13th, 2021 at 6.750

short term down The short-term trend has been DOWN since Aug 13th, 2021 at 6.750

Smart Scan Analysis for QTK.V23

Based on our trend formula, QTK.V23 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for QTK.V23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.743 7.743 7.743 7.743 0.000
Prev. Close Volume Bid Ask Time
7.743 0 2022-08-09 00:00:00
Volatility23.02Expiration2023-10-31
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