Future Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
GASOIL 0.1 CIF MED VS ICE GASOIL Sep 2022 (NYMEX:QZ5.U22)
Long-Term Downtrend (-90) - QZ5.U22 is in a strong downtrend that is likely to continue. While QZ5.U22 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.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QZ5.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QZ5.U22
The long-term trend has been DOWN since Mar 3rd, 2021 at -0.625
The intermediate-term trend has been DOWN since Dec 22nd, 2020 at 0.375
The short-term trend has been DOWN since Feb 9th, 2021 at 0.417
Smart Scan Analysis for QZ5.U22
Based on our trend formula, QZ5.U22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).