Future Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
NATURAL GAS Feb 2024 (NYMEX:NG.G24)
Long-Term Downtrend (-90) - NG.G24 is in a strong downtrend that is likely to continue. While NG.G24 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.G24?
MarketClub looks at technical strength and momentum to determine if the timing is right for NG.G24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NG.G24
The long-term trend has been DOWN since Sep 17th, 2023 at 3.495
The intermediate-term trend has been DOWN since Aug 30th, 2023 at 3.656
The short-term trend has been DOWN since Sep 15th, 2023 at 3.589
Smart Scan Analysis for NG.G24
Based on our trend formula, NG.G24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).