Future Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
HOUSTON SHIP CHANNEL BASIS SWAP NOVEMBER 2021 (NYMEX:QNH.X21)
Long-Term Downtrend (-90) - QNH.X21 is in a strong downtrend that is likely to continue. While QNH.X21 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.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNH.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNH.X21
The long-term trend has been DOWN since Oct 4th, 2021 at -0.069
The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.081
The short-term trend has been DOWN since Sep 15th, 2021 at 0.114
Smart Scan Analysis for QNH.X21
Based on our trend formula, QNH.X21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).