Spread Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
EURO 3.5% FUEL OIL ROTTERDAM CL NOV 21/OCT 22 (NYMEX:QUV.X21-QUV.V22)
Long-Term Downtrend (-90) - QUV.X21-QUV.V22 is in a strong downtrend that is likely to continue. While QUV.X21-QUV.V22 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 QUV.X21-QUV.V22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QUV.X21-QUV.V22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QUV.X21-QUV.V22
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 QUV.X21-QUV.V22
Based on our trend formula, QUV.X21-QUV.V22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).