Future Trend Analysis Report
Prepared for you on Wednesday, May 25, 2022.
PJM NO. ILLINOIS OFF-PEAK LMP Jun 2022 (NYMEX:QL3.M22)
Bull Market Weakness (+75) - QL3.M22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QL3.M22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QL3.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QL3.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QL3.M22
The long-term trend has been UP since Mar 26th, 2021 at 18.63
The intermediate-term trend has been UP since Jul 26th, 2021 at 21.31
The short-term trend has been UP since Sep 3rd, 2021 at 23.05
Smart Scan Analysis for QL3.M22
Based on our trend formula, QL3.M22 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).