Future Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
GASOIL 0.1 CIF MED VS ICE GASOIL MAY 2022 (NYMEX:QZ5.K22)
Long-Term Downtrend (-90) - QZ5.K22 is in a strong downtrend that is likely to continue. While QZ5.K22 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 QZ5.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QZ5.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QZ5.K22
The long-term trend has been DOWN since Mar 3rd, 2021 at -0.5
The intermediate-term trend has been DOWN since Jan 29th, 2021 at 0.5
The short-term trend has been DOWN since Dec 7th, 2020 at 0.5
Smart Scan Analysis for QZ5.K22
Based on our trend formula, QZ5.K22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).