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Future Trend Analysis Report

Prepared for you on Sunday, June 4, 2023.

PJM COMED 5 MW DAY AHEAD (PEAK) JUNE 2023 (NYMEX:QD8.M23)

Long-Term Downtrend (-90) - QD8.M23 is in a strong downtrend that is likely to continue. While QD8.M23 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 QD8.M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QD8.M23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QD8.M23
Open High Low QD8.M23 Price Change
35.75 35.75 35.75 35.75 0.00
Entry Signal

MarketClub’s Trade Triangles for QD8.M23

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for QD8.M23

Based on our trend formula, QD8.M23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QD8.M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
35.75 35.75 35.75 35.75 0.00
Prev. Close Volume Bid Ask Time
36.52 0 2023-06-01 00:00:00
Volatility43.98Expiration2023-05-31
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