Future Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
NATURAL GAS (E-MINI) Dec 2023 (NYMEX:QG.Z23)
Long-Term Downtrend (-90) - QG.Z23 is in a strong downtrend that is likely to continue. While QG.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 QG.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QG.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QG.Z23
The long-term trend has been DOWN since Sep 17th, 2023 at 3.335
The intermediate-term trend has been DOWN since Oct 22nd, 2023 at 3.235
The short-term trend has been DOWN since Nov 24th, 2023 at 2.850
Smart Scan Analysis for QG.Z23
Based on our trend formula, QG.Z23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).