Bullish Trends Emerge

May 14, 2025 

With a few exceptions, our sample of forward price curves reflect an uptrend (bullish). This is a significant change from a few weeks ago when opposite patterns were dominant.

This table utilizes Three Exponential Moving Averages (TEMA), a popular indicator used to analyze the direction of a trend. TEMA looks to eliminate market noise, smooth price fluctuations and eliminate lag. TEMA identifies trends (uptrend, neutral, downtrend) based on the position of the short Exponential Moving Average (EMA) versus the two longer EMAs. In this case, a 10-day EMA versus a 20-day EMA and a 50-day EMA. This table illustrates trends for RTC power calendar strip curves from 2026 through 2028, derived from proprietary data.