Future Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
RBOB GASOLINE VS EUROBOB OXY NWE Oct 2021 (NYMEX:QXER.V21)
Sidelines Mode (-55) - QXER.V21 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 QXER.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QXER.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QXER.V21
The long-term trend has been DOWN since Aug 23rd, 2021 at 6.245
The intermediate-term trend has been DOWN since Aug 20th, 2021 at 7.430
The short-term trend has been UP since Oct 1st, 2021 at 5.032
Smart Scan Analysis for QXER.V21
Based on our trend formula, QXER.V21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).