Spread Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
3.5% FUEL OIL BARGES FOB RDAM CRCK SPRD DEC 22/DEC 23 (NYMEX:QFO.Z22-QFO.Z23)
Long-Term Downtrend (-90) - QFO.Z22-QFO.Z23 is in a strong downtrend that is likely to continue. While QFO.Z22-QFO.Z23 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.Z22-QFO.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QFO.Z22-QFO.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QFO.Z22-QFO.Z23
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.Z22-QFO.Z23
Based on our trend formula, QFO.Z22-QFO.Z23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).