Future Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
ULSD 10PPM CIF MED VS. ICE GASOIL JUNE 2022 (NYMEX:QZ7.M22)
Strong Downtrend (-100) - QZ7.M22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QZ7.M22 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QZ7.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QZ7.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QZ7.M22
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.M22
Based on our trend formula, QZ7.M22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).