Future Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
NATURAL GAS (E-MINI) Jul 2023 (NYMEX:QG.N23)
Long-Term Downtrend (-90) - QG.N23 is in a strong downtrend that is likely to continue. While QG.N23 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 QG.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QG.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QG.N23
The long-term trend has been DOWN since Dec 27th, 2022 at 4.505
The intermediate-term trend has been DOWN since May 30th, 2023 at 2.310
The short-term trend has been DOWN since May 22nd, 2023 at 2.640
Smart Scan Analysis for QG.N23
Based on our trend formula, QG.N23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).