Future Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
FREIGHT ROUTE TC2 (BALTIC) OCTOBER 2021 (NYMEX:QTM.V21)
Long-Term Downtrend (-90) - QTM.V21 is in a strong downtrend that is likely to continue. While QTM.V21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QTM.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QTM.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QTM.V21
The long-term trend has been DOWN since May 21st, 2021 at 17.014
The intermediate-term trend has been DOWN since Aug 16th, 2021 at 15.706
The short-term trend has been DOWN since Oct 4th, 2021 at 13.948
Smart Scan Analysis for QTM.V21
Based on our trend formula, QTM.V21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).