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.
MarketClub’s Trade Triangles for NG.K23
The long-term trend has been DOWN since Dec 22nd, 2022 at 4.367
The intermediate-term trend has been DOWN since Mar 20th, 2023 at 2.436
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).