Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
NATURAL GAS Dec 2023 (NYMEX:NG.Z23)
Weak Downtrend (-65) - NG.Z23 is showing signs of a strengthening downtrend. Monitor NG.Z23 as it may be building momentum to the downside.
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 UP since Jul 24th, 2020 at 2.630
The intermediate-term trend has been DOWN since Jun 19th, 2022 at 5.417
The short-term trend has been DOWN since Jun 14th, 2022 at 5.921
Smart Scan Analysis for NG.Z23
Based on our trend formula, NG.Z23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).