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Future Trend Analysis Report

Prepared for you on Wednesday, May 25, 2022.

MINI EUROPEAN NAPHTHA CIF NWE May 2024 (NYMEX:QMNC.K24)

Countertrend Up (+85) - QMNC.K24 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

NYMEX_QMNC.K24
Open High Low QMNC.K24 Price Change
682.506 682.506 682.506 682.506 0.000
Entry Signal

MarketClub’s Trade Triangles for QMNC.K24

long term up The long-term trend has been UP since Jun 1st, 2021 at 481.410

intermediate term up The intermediate-term trend has been UP since Sep 10th, 2021 at 524.340

short term up The short-term trend has been UP since Sep 10th, 2021 at 522.599

Smart Scan Analysis for QMNC.K24

Based on our trend formula, QMNC.K24 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for QMNC.K24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
682.506 682.506 682.506 682.506 0.000
Prev. Close Volume Bid Ask Time
682.506 0 2022-05-25 00:00:00
Volatility30.84Expiration2024-05-31
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