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Future Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

NATURAL GAS May 2023 (NYMEX:NG.K23)

Strong Downtrend (-100) - NG.K23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NG.K23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NG.K23?

MarketClub looks at technical strength and momentum to determine if the timing is right for NG.K23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_NG.K23
Open High Low NG.K23 Price Change
2.277 2.280 2.270 2.273 -0.004
Entry Signal

MarketClub’s Trade Triangles for NG.K23

long term down The long-term trend has been DOWN since Dec 22nd, 2022 at 4.367

intermediate term down The intermediate-term trend has been DOWN since Mar 20th, 2023 at 2.436

short term down The short-term trend has been DOWN since Mar 17th, 2023 at 2.573

Smart Scan Analysis for NG.K23

Based on our trend formula, NG.K23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for NG.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.277 2.280 2.270 2.273 -0.004
Prev. Close Volume Bid Ask Time
2.354 207 2023-03-23 18:51:58
Expiration2023-04-26Open Time09:00
Close Time14:30
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