Future Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
PERMIAN BASIS APRIL 2020 (NYMEX:QPM.J20)
Long-Term Downtrend (-90) - QPM.J20 is in a strong downtrend that is likely to continue. While QPM.J20 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 QPM.J20?
MarketClub looks at technical strength and momentum to determine if the timing is right for QPM.J20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QPM.J20
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 QPM.J20
Based on our trend formula, QPM.J20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).