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Spread Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

NATURAL GAS Oct 2024/Nov 2024 Spread (NYMEX:NG.V24_X24)

Long-Term Downtrend (-90) - NG.V24_X24 is in a strong downtrend that is likely to continue. While NG.V24_X24 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.V24_X24?

MarketClub looks at technical strength and momentum to determine if the timing is right for NG.V24_X24.

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

NYMEX_NG.V24_X24
Open High Low NG.V24_X24 Price Change
-0.194 -0.161 -0.215 -0.166 +0.014
Entry Signal

MarketClub’s Trade Triangles for NG.V24_X24

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.V24_X24

Based on our trend formula, NG.V24_X24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NG.V24_X24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.194 -0.161 -0.215 -0.166 +0.014
Prev. Close Volume Bid Ask Time
-0.180 15 2022-07-06 11:28:29
Open Time09:00Close Time14:30
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