Future Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
EURO FOB RDAM MARINE FUEL 0.5% VS. 3.5% Jun 2024 (NYMEX:QR53.M24)
Weak Downtrend (-65) - QR53.M24 is showing signs of a strengthening downtrend. Monitor QR53.M24 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid QR53.M24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QR53.M24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QR53.M24
The long-term trend has been DOWN since Feb 5th, 2021 at 119.45
The intermediate-term trend has been UP since Aug 31st, 2021 at 112.66
The short-term trend has been DOWN since Sep 15th, 2021 at 117.33
Smart Scan Analysis for QR53.M24
Based on our trend formula, QR53.M24 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).