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Future Trend Analysis Report

Prepared for you on Saturday, January 22, 2022.

EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% JANUARY 2024 (NYMEX:QR53.F24)

Countertrend Up (+85) - QR53.F24 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 QR53.F24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QR53.F24.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QR53.F24
Open High Low QR53.F24 Price Change
124.091 124.091 124.091 124.091 0.000
Entry Signal

MarketClub’s Trade Triangles for QR53.F24

long term up The long-term trend has been UP since Sep 10th, 2021 at 118.033

intermediate term up The intermediate-term trend has been UP since Aug 31st, 2021 at 112.401

short term down The short-term trend has been DOWN since Sep 17th, 2021 at 116.935

Smart Scan Analysis for QR53.F24

Based on our trend formula, QR53.F24 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for QR53.F24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
124.091 124.091 124.091 124.091 0.000
Prev. Close Volume Bid Ask Time
124.091 0 2022-01-20 00:00:00
Volatility54.85Expiration2024-01-31
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