Future Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
NATURAL GAS May 2020 (NYMEX:NG.K20)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.K20
The long term trend has been DOWN since May 31st, 2019 at 2.489
The intermediate term trend has been DOWN since Sep 30th, 2019 at 2.276
The short term trend has been UP since Oct 15th, 2019 at 2.252
Smart Scan Analysis for NG.K20
Based on a pre-defined weighted trend formula for chart analysis, NG.K20 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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