Spread Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
3.5% FUEL OIL BARGES FOB RDAM CRCK SPRD NOV 22/APR 23 (NYMEX:QFO.X22-QFO.J23)
Strong Downtrend (-100) - QFO.X22-QFO.J23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QFO.X22-QFO.J23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QFO.X22-QFO.J23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QFO.X22-QFO.J23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QFO.X22-QFO.J23
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.X22-QFO.J23
Based on our trend formula, QFO.X22-QFO.J23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).