Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
EAST/WEST FUEL OIL SPREAD Jun 2023 (NYMEX:FEW.M23)
Bear Market Rally (-75) - FEW.M23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on FEW.M23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid FEW.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for FEW.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FEW.M23
The long-term trend has been DOWN since Apr 7th, 2021 at 29.755
The intermediate-term trend has been DOWN since Sep 2nd, 2021 at 29.670
The short-term trend has been UP since Sep 10th, 2021 at 30.250
Smart Scan Analysis for FEW.M23
Based on our trend formula, FEW.M23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).