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Future Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

FREIGHT ROUTE TC2 (BALTIC) NOVEMBER 2023 (NYMEX:QTM.X23)

Bull Market Weakness (+75) - QTM.X23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QTM.X23 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid QTM.X23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QTM.X23.

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

NYMEX_QTM.X23
Open High Low QTM.X23 Price Change
18.4757 18.4757 18.4757 18.4757 0.0000
Entry Signal

MarketClub’s Trade Triangles for QTM.X23

long term up The long-term trend has been UP since Feb 23rd, 2021 at 16.006

intermediate term up The intermediate-term trend has been UP since Sep 17th, 2021 at 17.149

short term up The short-term trend has been UP since Sep 1st, 2021 at 17.142

Smart Scan Analysis for QTM.X23

Based on our trend formula, QTM.X23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for QTM.X23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.4757 18.4757 18.4757 18.4757 0.0000
Prev. Close Volume Bid Ask Time
18.4757 0 2021-12-07 00:00:00
Volatility13.8Expiration2023-11-30
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