Future Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
NY 1% FUEL OIL/ GULF COAST 3% FUEL OIL MAY 2022 (NYMEX:QVR.K22)
Weak Downtrend (-65) - QVR.K22 is showing signs of a strengthening downtrend. Monitor QVR.K22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid QVR.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QVR.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QVR.K22
The long-term trend has been UP since Sep 2nd, 2021 at 10.575
The intermediate-term trend has been DOWN since Sep 30th, 2021 at 10.400
The short-term trend has been DOWN since Sep 17th, 2021 at 10.675
Smart Scan Analysis for QVR.K22
Based on our trend formula, QVR.K22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).