Future Trend Analysis Report
Prepared for you on Friday, December 3, 2021.
NY 1% FUEL OIL/ GULF COAST 3% FUEL OIL Oct 2022 (NYMEX:QVR.V22)
Sidelines Mode (+55) - QVR.V22 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QVR.V22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QVR.V22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QVR.V22
The long-term trend has been UP since Sep 8th, 2021 at 10.550
The intermediate-term trend has been UP since Aug 18th, 2021 at 10.075
The short-term trend has been DOWN since Sep 21st, 2021 at 10.725
Smart Scan Analysis for QVR.V22
Based on our trend formula, QVR.V22 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).