Future Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
NATURAL GAS Jan 2024 (NYMEX:NG.F24)
Countertrend Down (-85) - NG.F24 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid NG.F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for NG.F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NG.F24
The long-term trend has been DOWN since Dec 22nd, 2022 at 5.490
The intermediate-term trend has been DOWN since May 31st, 2023 at 3.686
The short-term trend has been UP since Jun 4th, 2023 at 3.688
Smart Scan Analysis for NG.F24
Based on our trend formula, NG.F24 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).