Spread Trend Analysis Report
Prepared for you on Tuesday, November 30, 2021.
NY 1% FUEL OIL/ GULF COAST 3% FUEL OIL JUN 22/SEP 22 (NYMEX:QVR.M22-QVR.U22)
Long-Term Downtrend (-90) - QVR.M22-QVR.U22 is in a strong downtrend that is likely to continue. While QVR.M22-QVR.U22 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 QVR.M22-QVR.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QVR.M22-QVR.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QVR.M22-QVR.U22
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 QVR.M22-QVR.U22
Based on our trend formula, QVR.M22-QVR.U22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).