Future Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
MONT BELVIEU LDH PROPANE Dec 2023 (NYMEX:QB0.Z23)
Long-Term Downtrend (-90) - QB0.Z23 is in a strong downtrend that is likely to continue. While QB0.Z23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QB0.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QB0.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QB0.Z23
The long-term trend has been DOWN since Apr 26th, 2023 at 0.81125
The intermediate-term trend has been DOWN since Oct 31st, 2023 at 0.69750
The short-term trend has been DOWN since Oct 20th, 2023 at 0.75708
Smart Scan Analysis for QB0.Z23
Based on our trend formula, QB0.Z23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||0.6975||52wk High Date||2023-10-20|
|52wk Low||0.61||52wk Low Date||2021-05-19|