Free Daily Analysis

Spread Trend Analysis Report

Prepared for you on Thursday, May 19, 2022.

NATURAL GAS Jun 2023/Nov 2023 Spread (NYMEX:NG.M23_X23)

Long-Term Downtrend (-90) - NG.M23_X23 is in a strong downtrend that is likely to continue. While NG.M23_X23 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.M23_X23?

MarketClub looks at technical strength and momentum to determine if the timing is right for NG.M23_X23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_NG.M23_X23
Open High Low NG.M23_X23 Price Change
-0.175 -0.171 -0.175 -0.171 +0.019
Entry Signal

MarketClub’s Trade Triangles for NG.M23_X23

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for NG.M23_X23

Based on our trend formula, NG.M23_X23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NG.M23_X23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.175 -0.171 -0.175 -0.171 +0.019
Prev. Close Volume Bid Ask Time
-0.190 3 2022-05-19 14:15:31
Open Time18:00Close Time17:00
Get a free daily analysis and signals for NATURAL GAS Jun 2023/Nov 2023 Spread (NG.M23_X23) - Request Your Free Report.