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Future Trend Analysis Report

Prepared for you on Tuesday, May 30, 2023.

SILVER (E-MINI) Jul 2023 (NYMEX:QI.N23)

Weak Downtrend (-65) - QI.N23 is showing signs of a strengthening downtrend. Monitor QI.N23 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid QI.N23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QI.N23.

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

NYMEX_QI.N23
Open High Low QI.N23 Price Change
23.2750 23.3750 23.0375 23.0750 -0.2250
Entry Signal

MarketClub’s Trade Triangles for QI.N23

long term up The long-term trend has been UP since Apr 4th, 2023 at 24.6250

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2023 at 24.9500

short term down The short-term trend has been DOWN since May 24th, 2023 at 23.5875

Smart Scan Analysis for QI.N23

Based on our trend formula, QI.N23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for QI.N23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.2750 23.3750 23.0375 23.0750 -0.2250
Prev. Close Volume Bid Ask Time
23.3000 71 2023-05-30 02:00:14
Expiration2023-06-28Open Time18:00
Close Time17:00
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