Future Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
ERCOT NORTH 345 KV HUB DAY-AHEAD 5MW OFF JUNE 2023 (NYMEX:QERL.M23)
Strong Downtrend (-100) - QERL.M23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QERL.M23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QERL.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QERL.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QERL.M23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QERL.M23
Based on our trend formula, QERL.M23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).