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Future Trend Analysis Report

Prepared for you on Thursday, January 27, 2022.

ERCOT WEST ZONE MCPE 5 MW OFF PEAK JANUARY 2024 (NYMEX:QO1.F24)

Countertrend Up (+85) - QO1.F24 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid QO1.F24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QO1.F24.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QO1.F24
Open High Low QO1.F24 Price Change
29.85 29.85 29.85 29.85 0.00
Entry Signal

MarketClub’s Trade Triangles for QO1.F24

long term up The long-term trend has been UP since Feb 26th, 2021 at 20.24

intermediate term up The intermediate-term trend has been UP since May 24th, 2021 at 20.06

short term down The short-term trend has been DOWN since Sep 15th, 2021 at 24.64

Smart Scan Analysis for QO1.F24

Based on our trend formula, QO1.F24 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for QO1.F24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.85 29.85 29.85 29.85 0.00
Prev. Close Volume Bid Ask Time
29.85 0 2022-01-26 00:00:00
Volatility33.74Expiration2023-12-29
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