Free Daily Analysis

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.

NYMEX_QTM.V21
Open High Low QTM.V21 Price Change
12.4578 12.4578 12.4578 12.4578 0.0000
Entry Signal

MarketClub’s Trade Triangles for QTM.V21

long term down The long-term trend has been DOWN since May 21st, 2021 at 17.014

intermediate term down The intermediate-term trend has been DOWN since Aug 16th, 2021 at 15.706

short term down 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).

-90
Smart Scan Analysis for QTM.V21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.4578 12.4578 12.4578 12.4578 0.0000
Prev. Close Volume Bid Ask Time
12.9854 0 2021-10-14 00:00:00
Volatility30.88Expiration2021-10-29
Get a free daily analysis and signals for FREIGHT ROUTE TC2 (BALTIC) OCTOBER 2021 (QTM.V21) - Request Your Free Report.