Future Trend Analysis Report
Prepared for you on Thursday, December 8, 2022.
ULSD 10PPM CIF MED VS. ICE GASOIL NOVEMBER 2022 (NYMEX:QZ7.X22)
Bear Market Rally (-75) - QZ7.X22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QZ7.X22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QZ7.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QZ7.X22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QZ7.X22
The long-term trend has been DOWN since May 6th, 2021 at 6.333
The intermediate-term trend has been UP since Jul 19th, 2021 at 5.750
The short-term trend has been DOWN since Aug 31st, 2021 at 6.250
Smart Scan Analysis for QZ7.X22
Based on our trend formula, QZ7.X22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).