Spread Trend Analysis Report
Prepared for you on Friday, July 1, 2022.
COAL (API 4) FOB RICHARDS BAY MAY 23/MAY 24 (NYMEX:QMFF.K23-QMFF.K24)
Strong Downtrend (-100) - QMFF.K23-QMFF.K24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QMFF.K23-QMFF.K24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QMFF.K23-QMFF.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMFF.K23-QMFF.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMFF.K23-QMFF.K24
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 QMFF.K23-QMFF.K24
Based on our trend formula, QMFF.K23-QMFF.K24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).