Future Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
NATURAL GAS Feb 2024 (NYMEX:NG.G24)
Strong Downtrend (-100) - NG.G24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NG.G24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NG.G24?
MarketClub looks at technical strength and momentum to determine if the timing is right for NG.G24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NG.G24
The long-term trend has been DOWN since Sep 17th, 2023 at 3.495
The intermediate-term trend has been DOWN since Nov 8th, 2023 at 3.427
The short-term trend has been DOWN since Dec 1st, 2023 at 2.751
Smart Scan Analysis for NG.G24
Based on our trend formula, NG.G24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).