Future Trend Analysis Report
Prepared for you on Thursday, December 2, 2021.
RBOB CALENDAR SPREAD 1 MO MAY 2023 (NYMEX:QZIY.K23)
Bear Market Rally (-75) - QZIY.K23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QZIY.K23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QZIY.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QZIY.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QZIY.K23
The long-term trend has been DOWN since Apr 13th, 2021 at 0.0078
The intermediate-term trend has been DOWN since Jul 19th, 2021 at 0.0101
The short-term trend has been UP since Sep 15th, 2021 at 0.0030
Smart Scan Analysis for QZIY.K23
Based on our trend formula, QZIY.K23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).