Future Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
NATURAL GAS Oct 2020 (NYMEX:NG.V20)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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.V20
The long term trend has been DOWN since Nov 29th, 2019 at 2.317
The intermediate term trend has been DOWN since Nov 28th, 2019 at 2.383
The short term trend has been UP since Dec 12th, 2019 at 2.319
Smart Scan Analysis for NG.V20
Based on a pre-defined weighted trend formula for chart analysis, NG.V20 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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