Spread Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
COAL (API 4) FOB RICHARDS BAY NOV 22/MAY 24 (NYMEX:QMFF.X22-QMFF.K24)
Long-Term Downtrend (-90) - QMFF.X22-QMFF.K24 is in a strong downtrend that is likely to continue. While QMFF.X22-QMFF.K24 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 QMFF.X22-QMFF.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMFF.X22-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.X22-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.X22-QMFF.K24
Based on our trend formula, QMFF.X22-QMFF.K24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).