Future Trend Analysis Report
Prepared for you on Wednesday, August 17, 2022.
MT BELVIEU PHYSICAL NORMAL BUTANE Nov 2022 (NYMEX:Q3M.X22)
Bull Market Weakness (+75) - Q3M.X22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on Q3M.X22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid Q3M.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q3M.X22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q3M.X22
The long-term trend has been UP since Nov 4th, 2020 at 0.52688
The intermediate-term trend has been UP since Sep 1st, 2021 at 0.95000
The short-term trend has been UP since Aug 24th, 2021 at 0.91500
Smart Scan Analysis for Q3M.X22
Based on our trend formula, Q3M.X22 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).