Future Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
ARGUS PROPANE FAR EAST INDEX May 2022 (NYMEX:Q7E.K22)
Bull Market Weakness (+75) - Q7E.K22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on Q7E.K22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid Q7E.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q7E.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q7E.K22
The long-term trend has been UP since Sep 17th, 2020 at 343.508
The intermediate-term trend has been UP since Sep 1st, 2021 at 591.412
The short-term trend has been UP since Sep 8th, 2021 at 593.158
Smart Scan Analysis for Q7E.K22
Based on our trend formula, Q7E.K22 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).