Future Trend Analysis Report
Prepared for you on Saturday, December 4, 2021.
ULSD 10PPM CIF MED VS. ICE GASOIL Aug 2022 (NYMEX:QZ7.Q22)
Long-Term Downtrend (-90) - QZ7.Q22 is in a strong downtrend that is likely to continue. While QZ7.Q22 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.Q22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QZ7.Q22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QZ7.Q22
The long-term trend has been DOWN since Jun 23rd, 2021 at 6.250
The intermediate-term trend has been DOWN since Aug 31st, 2021 at 6.188
The short-term trend has been DOWN since Aug 26th, 2021 at 6.333
Smart Scan Analysis for QZ7.Q22
Based on our trend formula, QZ7.Q22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).