Future Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
NATURAL GAS May 2020 (NYMEX:NG.K20)
Bear Market Rally (-75) - NG.K20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NG.K20 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid NG.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for NG.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NG.K20
The long-term trend has been DOWN since Nov 29th, 2019 at 2.214
The intermediate-term trend has been DOWN since Nov 27th, 2019 at 2.265
The short-term trend has been UP since Apr 5th, 2020 at 1.657
Smart Scan Analysis for NG.K20
Based on our trend formula, NG.K20 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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