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.
MarketClub’s Trade Triangles for QR53.F24
The long-term trend has been UP since Sep 10th, 2021 at 118.033
The intermediate-term trend has been UP since Aug 31st, 2021 at 112.401
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).