Future Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
NATURAL GAS Apr 2020 (NYMEX:NG.J20)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for NG.J20
The long term trend has been DOWN since Nov 29th, 2019 at 2.229
The intermediate term trend has been DOWN since Nov 27th, 2019 at 2.277
The short term trend has been UP since Jan 23rd, 2020 at 1.965
Smart Scan Analysis for NG.J20
Based on a pre-defined weighted trend formula for chart analysis, NG.J20 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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