Future Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
NATURAL GAS Aug 2020 (NYMEX:NG.Q20)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.Q20
The long term trend has been DOWN since Jun 3rd, 2019 at 2.562
The intermediate term trend has been DOWN since May 30th, 2019 at 2.587
The short term trend has been UP since Aug 21st, 2019 at 2.346
Smart Scan Analysis for NG.Q20
Based on a pre-defined weighted trend formula for chart analysis, NG.Q20 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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