Spread Trend Analysis Report
Prepared for you on Friday, May 14, 2021.
3.5% FUEL OIL BARGES FOB RDAM CRCK SPRD AUG 21/DEC 21 (NYMEX:QFO.Q21-QFO.Z21)
Long-Term Downtrend (-90) - QFO.Q21-QFO.Z21 is in a strong downtrend that is likely to continue. While QFO.Q21-QFO.Z21 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 QFO.Q21-QFO.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QFO.Q21-QFO.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QFO.Q21-QFO.Z21
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QFO.Q21-QFO.Z21
Based on our trend formula, QFO.Q21-QFO.Z21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).