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.
MarketClub’s Trade Triangles for QTM.X23
The long-term trend has been UP since Feb 23rd, 2021 at 16.006
The intermediate-term trend has been UP since Sep 17th, 2021 at 17.149
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).