Future Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
NATURAL GAS Dec 2023 (NYMEX:NG.Z23)
Long-Term Downtrend (-90) - NG.Z23 is in a strong downtrend that is likely to continue. While NG.Z23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NG.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for NG.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NG.Z23
The long-term trend has been DOWN since Dec 22nd, 2022 at 5.336
The intermediate-term trend has been DOWN since Mar 20th, 2023 at 3.685
The short-term trend has been DOWN since Mar 21st, 2023 at 3.650
Smart Scan Analysis for NG.Z23
Based on our trend formula, NG.Z23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).