Future Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
ERCOT WEST 345 KV HUB DAY-AHEAD 5 MW PK Jan 2023 (NYMEX:QYWE.F23)
Long-Term Uptrend (+90) - QYWE.F23 is in a strong uptrend that is likely to continue. While QYWE.F23 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid QYWE.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QYWE.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QYWE.F23
The long-term trend has been UP since Feb 18th, 2021 at 33.92
The intermediate-term trend has been UP since Sep 8th, 2021 at 54.56
The short-term trend has been UP since Oct 4th, 2021 at 56.30
Smart Scan Analysis for QYWE.F23
Based on our trend formula, QYWE.F23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).