Future Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
NATURAL GAS May 2021 (E) (NYMEX:NG.K21.E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
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.K21.E
The long term trend has been DOWN since Mar 9th, 2018 at 2.656
The intermediate term trend has been DOWN since Apr 18th, 2018 at 2.644
The short term trend has been UP since May 18th, 2018 at 2.529
Smart Scan Analysis for NG.K21.E
Based on a pre-defined weighted trend formula for chart analysis, NG.K21.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||4.5||Contract High Date||2014-01-07|
|Contract Low||2.525||Contract Low Date||2018-05-08|
|Estimated Volume||1||First Delivery||2021-05-31|