Future Trend Analysis Report
Prepared for you on Monday, December 6, 2021.
FREIGHT ROUTE TC2 (BALTIC) Sep 2022 (NYMEX:QTM.U22)
Strong Downtrend (-100) - QTM.U22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QTM.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QTM.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QTM.U22
The long-term trend has been DOWN since Jul 19th, 2021 at 16.951
The intermediate-term trend has been DOWN since Oct 1st, 2021 at 16.656
The short-term trend has been DOWN since Oct 1st, 2021 at 16.656
Smart Scan Analysis for QTM.U22
Based on our trend formula, QTM.U22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).