Future Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
PJM WESTERN OFF_PEAK LMP NOVEMBER 2021 (NYMEX:QE4L.X21)
Bull Market Weakness (+75) - QE4L.X21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QE4L.X21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QE4L.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QE4L.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QE4L.X21
The long-term trend has been UP since Feb 19th, 2021 at 24.00
The intermediate-term trend has been UP since Apr 9th, 2021 at 23.33
The short-term trend has been UP since Aug 23rd, 2021 at 32.12
Smart Scan Analysis for QE4L.X21
Based on our trend formula, QE4L.X21 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).