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Future Trend Analysis Report
Prepared for you on Saturday, June 10, 2023.
NATURAL GAS Aug 2023 (NYMEX:NG.Q23)
Strong Downtrend (-100) - NG.Q23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NG.Q23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NG.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for NG.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NG.Q23
The long-term trend has been DOWN since Dec 22nd, 2022 at 4.535
The intermediate-term trend has been DOWN since May 30th, 2023 at 2.390
The short-term trend has been DOWN since Jun 9th, 2023 at 2.376
Smart Scan Analysis for NG.Q23
Based on our trend formula, NG.Q23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.402 | 2.415 | 2.325 | 2.331 | -0.055 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.343 | 60574 | 2023-06-09 16:55:00 |
| Expiration | 2023-07-27 | Open Time | 18:00 |
| Close Time | 17:00 |