Future Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
NATURAL GAS Jul 2024 (NYMEX:NG.N24)
Long-Term Downtrend (-90) - NG.N24 is in a strong downtrend that is likely to continue. While NG.N24 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.N24?
MarketClub looks at technical strength and momentum to determine if the timing is right for NG.N24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NG.N24
The long-term trend has been DOWN since Dec 22nd, 2022 at 4.158
The intermediate-term trend has been DOWN since Aug 29th, 2023 at 3.275
The short-term trend has been DOWN since Sep 15th, 2023 at 3.246
Smart Scan Analysis for NG.N24
Based on our trend formula, NG.N24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).