Future Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
NATURAL GAS Jan 2024 (NYMEX:NG.F24)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.F24
The long term trend has been DOWN since Sep 23rd, 2019 at 3.041
The intermediate term trend has been UP since Sep 17th, 2018 at 2.923
The short term trend has been DOWN since Sep 23rd, 2019 at 3.019
Smart Scan Analysis for NG.F24
Based on a pre-defined weighted trend formula for chart analysis, NG.F24 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).