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Future Trend Analysis Report
Prepared for you on Saturday, May 21, 2022.
ULSD 10PPM CIF MED VS. ICE GASOIL MAY 2022 (NYMEX:QZ7.K22)
Long-Term Downtrend (-90) - QZ7.K22 is in a strong downtrend that is likely to continue. While QZ7.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 QZ7.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QZ7.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for QZ7.K22
The long-term trend has been DOWN since May 18th, 2021 at 6.250
The intermediate-term trend has been DOWN since Aug 27th, 2021 at 6.083
The short-term trend has been DOWN since Aug 26th, 2021 at 6.167
Smart Scan Analysis for QZ7.K22
Based on our trend formula, QZ7.K22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.102 | 18.102 | 18.102 | 18.102 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.102 | 0 | 2022-05-20 00:00:00 |
| Volatility | 324.08 | Expiration | 2022-05-31 |