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Future Trend Analysis Report

Prepared for you on Monday, January 30, 2023.

NATURAL GAS Apr 2024 (NYMEX:NG.J24)

Long-Term Downtrend (-90) - NG.J24 is in a strong downtrend that is likely to continue. While NG.J24 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.J24?

MarketClub looks at technical strength and momentum to determine if the timing is right for NG.J24.

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

NYMEX_NG.J24
Open High Low NG.J24 Price Change
3.366 3.427 3.362 3.396 -0.045
Entry Signal

MarketClub’s Trade Triangles for NG.J24

long term down The long-term trend has been DOWN since Dec 21st, 2022 at 4.071

intermediate term down The intermediate-term trend has been DOWN since Dec 4th, 2022 at 4.181

short term down The short-term trend has been DOWN since Jan 18th, 2023 at 3.575

Smart Scan Analysis for NG.J24

Based on our trend formula, NG.J24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NG.J24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.366 3.427 3.362 3.396 -0.045
Prev. Close Volume Bid Ask Time
3.450 5288 2023-01-30 17:28:49
Expiration2024-03-26Open Time18:00
Close Time17:00
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