Future Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
NATURAL GAS Aug 2024 (E) (NYMEX:NG.Q24.E)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for NG.Q24.E
The long term trend has been DOWN since May 8th, 2018 at 2.824
The intermediate term trend has been UP since Aug 10th, 2018 at 2.691
The short term trend has been UP since Aug 7th, 2018 at 2.665
Smart Scan Analysis for NG.Q24.E
Based on a pre-defined weighted trend formula for chart analysis, NG.Q24.E scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.8||Contract High Date||2018-05-21|
|Contract Low||2.674||Contract Low Date||2018-07-12|
|Estimated Volume||4||First Delivery||2024-08-31|