Future Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
EAST WEST NAPHTHA JAPAN CARGOES FOB NWE Apr 2023 (NYMEX:QEWN.J23)
Countertrend Down (-85) - QEWN.J23 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid QEWN.J23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QEWN.J23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QEWN.J23
The long-term trend has been DOWN since Mar 17th, 2021 at 17.875
The intermediate-term trend has been DOWN since Aug 27th, 2021 at 18.500
The short-term trend has been UP since Sep 2nd, 2021 at 18.000
Smart Scan Analysis for QEWN.J23
Based on our trend formula, QEWN.J23 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).