Future Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
NATURAL GAS Jan 2024 (NYMEX:NG.F24)
Strong Downtrend (-100) - NG.F24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NG.F24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NG.F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for NG.F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NG.F24
The long-term trend has been DOWN since Sep 15th, 2023 at 3.607
The intermediate-term trend has been DOWN since Oct 22nd, 2023 at 3.488
The short-term trend has been DOWN since Nov 24th, 2023 at 2.984
Smart Scan Analysis for NG.F24
Based on our trend formula, NG.F24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).