Future Trend Analysis Report
Prepared for you on Friday, August 12, 2022.
ERCOT WEST ZONE MCPE 5 MW OFF PEAK JANUARY 2023 (NYMEX:QO1.F23)
Sidelines Mode (+55) - QO1.F23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QO1.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QO1.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QO1.F23
The long-term trend has been UP since Apr 23rd, 2021 at 20.07
The intermediate-term trend has been UP since Jun 1st, 2021 at 20.19
The short-term trend has been DOWN since Sep 29th, 2021 at 36.91
Smart Scan Analysis for QO1.F23
Based on our trend formula, QO1.F23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).