Future Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
PJM NO. ILLINOIS OFF-PEAK LMP Apr 2022 (NYMEX:QL3.J22)
Sidelines Mode (+55) - QL3.J22 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 QL3.J22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QL3.J22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QL3.J22
The long-term trend has been UP since Mar 26th, 2021 at 19.18
The intermediate-term trend has been UP since Apr 27th, 2021 at 19.41
The short-term trend has been DOWN since Sep 9th, 2021 at 24.94
Smart Scan Analysis for QL3.J22
Based on our trend formula, QL3.J22 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).