Future Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
MONT BELVIEU SPOT ETHYLENE (PCW) IN WELL DECEMBER 2024 (NYMEX:QMBE.Z24)
Long-Term Downtrend (-90) - QMBE.Z24 is in a strong downtrend that is likely to continue. While QMBE.Z24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QMBE.Z24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMBE.Z24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMBE.Z24
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 QMBE.Z24
Based on our trend formula, QMBE.Z24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).