Future Trend Analysis Report
Prepared for you on Friday, December 3, 2021.
ULSD 10PPM CIF MED VS. ICE GASOIL Dec 2021 (NYMEX:QZ7.Z21)
Sidelines Mode (-55) - QZ7.Z21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QZ7.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QZ7.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QZ7.Z21
The long-term trend has been DOWN since May 18th, 2021 at 5.710
The intermediate-term trend has been DOWN since Aug 11th, 2021 at 5.500
The short-term trend has been UP since Oct 4th, 2021 at 4.167
Smart Scan Analysis for QZ7.Z21
Based on our trend formula, QZ7.Z21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).