Future Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
NYISO ZN G 5 MW DAY AHEAD (OFF PEAK) NOVEMBER 2021 (NYMEX:QD2.X21)
Long-Term Uptrend (+90) - QD2.X21 is in a strong uptrend that is likely to continue. While QD2.X21 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 QD2.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QD2.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QD2.X21
The long-term trend has been UP since Feb 19th, 2021 at 23.5
The intermediate-term trend has been UP since Apr 22nd, 2021 at 25.3
The short-term trend has been UP since Sep 1st, 2021 at 39.0
Smart Scan Analysis for QD2.X21
Based on our trend formula, QD2.X21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).