Future Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
NATURAL GAS (E-MINI) Aug 2023 (NYMEX:QG.Q23)
Long-Term Downtrend (-90) - QG.Q23 is in a strong downtrend that is likely to continue. While QG.Q23 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.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QG.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QG.Q23
The long-term trend has been DOWN since Jan 2nd, 2023 at 4.600
The intermediate-term trend has been DOWN since May 31st, 2023 at 2.395
The short-term trend has been DOWN since May 23rd, 2023 at 2.615
Smart Scan Analysis for QG.Q23
Based on our trend formula, QG.Q23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).