Future Trend Analysis Report
Prepared for you on Wednesday, June 16, 2021.
NY 1% FUEL OIL/ GULF COAST 3% FUEL OIL JUNE 2021 (NYMEX:QVR.M21)
Long-Term Downtrend (-90) - QVR.M21 is in a strong downtrend that is likely to continue. While QVR.M21 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 QVR.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QVR.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QVR.M21
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QVR.M21
Based on our trend formula, QVR.M21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).