Future Trend Analysis Report
Prepared for you on Sunday, December 5, 2021.
ETHANOL (PLATTS) T2 FOB RDAM INCL DUTY Nov 2021 (NYMEX:QZ1.X21)
Long-Term Uptrend (+90) - QZ1.X21 is in a strong uptrend that is likely to continue. While QZ1.X21 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 QZ1.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QZ1.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QZ1.X21
The long-term trend has been UP since Feb 22nd, 2021 at 575
The intermediate-term trend has been UP since Aug 10th, 2021 at 650
The short-term trend has been UP since Sep 30th, 2021 at 744
Smart Scan Analysis for QZ1.X21
Based on our trend formula, QZ1.X21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).