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Future Trend Analysis Report
Prepared for you on Thursday, June 8, 2023.
NATURAL GAS Jun 2024 (NYMEX:NG.M24)
Countertrend Down (-85) - NG.M24 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.M24?
MarketClub looks at technical strength and momentum to determine if the timing is right for NG.M24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NG.M24
The long-term trend has been DOWN since Dec 7th, 2022 at 4.097
The intermediate-term trend has been DOWN since May 10th, 2023 at 3.167
The short-term trend has been UP since Jun 5th, 2023 at 3.154
Smart Scan Analysis for NG.M24
Based on our trend formula, NG.M24 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.149 | 3.193 | 3.149 | 3.193 | +0.022 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.170 | 3312 | 2023-06-07 15:05:42 |
| Expiration | 2024-05-29 | Open Time | 09:00 |
| Close Time | 14:30 |