Future Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
COAL (API 4) FOB RICHARDS BAY May 2024 (NYMEX:QMFF.K24)
Countertrend Up (+85) - QMFF.K24 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid QMFF.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for 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.K24
The long-term trend has been UP since Dec 10th, 2020 at 75.0
The intermediate-term trend has been UP since Jul 19th, 2021 at 84.5
The short-term trend has been DOWN since Oct 1st, 2021 at 104.0
Smart Scan Analysis for QMFF.K24
Based on our trend formula, QMFF.K24 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).