Future Trend Analysis Report
Prepared for you on Monday, November 28, 2022.
MONT BELVIEU ETHYLENE (PCW) FIN Nov 2022 (NYMEX:QMBN.X22)
Bull Market Weakness (+75) - QMBN.X22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QMBN.X22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QMBN.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMBN.X22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMBN.X22
The long-term trend has been DOWN since Jun 11th, 2021 at 0.24625
The intermediate-term trend has been UP since Sep 29th, 2021 at 0.25125
The short-term trend has been UP since Sep 10th, 2021 at 0.22625
Smart Scan Analysis for QMBN.X22
Based on our trend formula, QMBN.X22 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).