Future Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
HOUSTON SHIP CHANNEL BASIS SWAP Jun 2020 (NYMEX:QNH.M20)
Long-Term Downtrend (-90) - QNH.M20 is in a strong downtrend that is likely to continue. While QNH.M20 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 QNH.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNH.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNH.M20
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 QNH.M20
Based on our trend formula, QNH.M20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).