Index Trend Analysis Report
Prepared for you on Sunday, July 12, 2020.
United States Natural Gas Fund LP (GIF:UNG)
Bull Market Weakness (+75) - UNG is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on UNG as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid UNG?
MarketClub looks at technical strength and momentum to determine if the timing is right for UNG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UNG
The long-term trend has been DOWN since Nov 29th, 2019 at 17.6400
The intermediate-term trend has been UP since Jul 7th, 2020 at 11.1860
The short-term trend has been UP since Jun 29th, 2020 at 10.1803
Smart Scan Analysis for UNG
Based on our trend formula, UNG is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).