Future Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
EUROPEAN BUTANE CIF ARA (ARGUS) OCTOBER 2021 (NYMEX:QBEF.V21)
Long-Term Uptrend (+90) - QBEF.V21 is in a strong uptrend that is likely to continue. While QBEF.V21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid QBEF.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QBEF.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QBEF.V21
The long-term trend has been UP since Mar 23rd, 2020 at 218.371
The intermediate-term trend has been UP since Aug 25th, 2021 at 659.746
The short-term trend has been UP since Sep 29th, 2021 at 732.853
Smart Scan Analysis for QBEF.V21
Based on our trend formula, QBEF.V21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).