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Spread Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

NATURAL GAS Jul 2024/HH Spread (NYMEX:NG.N24_HH.N24)

Long-Term Downtrend (-90) - NG.N24_HH.N24 is in a strong downtrend that is likely to continue. While NG.N24_HH.N24 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.N24_HH.N24?

MarketClub looks at technical strength and momentum to determine if the timing is right for NG.N24_HH.N24.

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

NYMEX_NG.N24_HH.N24
Open High Low NG.N24_HH.N24 Price Change
0.00800 0.00800 0.00775 0.00775 +0.00025
Entry Signal

MarketClub’s Trade Triangles for NG.N24_HH.N24

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.N24_HH.N24

Based on our trend formula, NG.N24_HH.N24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NG.N24_HH.N24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00800 0.00800 0.00775 0.00775 +0.00025
Prev. Close Volume Bid Ask Time
0.00775 14 2022-08-04 12:11:42
Open Time09:00Close Time14:30
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