Future Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
MONT BELVIEU SPOT ETHYLENE (PCW) IN WELL NOVEMBER 2021 (NYMEX:QMBE.X21)
Sidelines Mode (-55) - QMBE.X21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QMBE.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMBE.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMBE.X21
The long-term trend has been UP since Jul 1st, 2020 at 0.16625
The intermediate-term trend has been DOWN since Aug 13th, 2021 at 0.32375
The short-term trend has been UP since Sep 30th, 2021 at 0.34875
Smart Scan Analysis for QMBE.X21
Based on our trend formula, QMBE.X21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).