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Future Trend Analysis Report

Prepared for you on Tuesday, December 6, 2022.

PJM NO. ILLINOIS OFF-PEAK LMP MAY 2024 (NYMEX:QL3.K24)

Sidelines Mode (-50) - QL3.K24 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until QL3.K24 can gain momentum.

Is it time to buy, sell, or avoid QL3.K24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QL3.K24.

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

NYMEX_QL3.K24
Open High Low QL3.K24 Price Change
30.72 30.72 30.72 30.72 0.00
Entry Signal

MarketClub’s Trade Triangles for QL3.K24

long term up The long-term trend has been UP since May 3rd, 2021 at 18.30

intermediate term down The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 18.87

short term down The short-term trend has been DOWN since Sep 7th, 2021 at 19.04

Smart Scan Analysis for QL3.K24

Based on our trend formula, QL3.K24 is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for QL3.K24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.72 30.72 30.72 30.72 0.00
Prev. Close Volume Bid Ask Time
27.74 0 2022-12-02 00:00:00
Volatility34.32Expiration2024-04-29
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