Future Trend Analysis Report
Prepared for you on Friday, July 1, 2022.
FREIGHT ROUTE TC2 (BALTIC) JUNE 2022 (NYMEX:QTM.M22)
Long-Term Uptrend (+90) - QTM.M22 is in a strong uptrend that is likely to continue. While QTM.M22 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 QTM.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QTM.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QTM.M22
The long-term trend has been UP since Oct 5th, 2021 at 16.850
The intermediate-term trend has been UP since Oct 4th, 2021 at 16.631
The short-term trend has been UP since Oct 4th, 2021 at 16.631
Smart Scan Analysis for QTM.M22
Based on our trend formula, QTM.M22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).