Future Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
ULSD 10PPM CIF MED VS. ICE GASOIL NOVEMBER 2021 (NYMEX:QZ7.X21)
Bear Market Rally (-75) - QZ7.X21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QZ7.X21 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QZ7.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QZ7.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QZ7.X21
The long-term trend has been DOWN since May 18th, 2021 at 5.710
The intermediate-term trend has been DOWN since Aug 9th, 2021 at 5.750
The short-term trend has been UP since Oct 1st, 2021 at 4.792
Smart Scan Analysis for QZ7.X21
Based on our trend formula, QZ7.X21 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).