Future Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
NATURAL GAS Aug 2021 (NYMEX:NG.Q21)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.Q21
The long term trend has been UP since Nov 6th, 2018 at 2.542
The intermediate term trend has been DOWN since Apr 18th, 2019 at 2.566
The short term trend has been DOWN since May 22nd, 2019 at 2.575
Smart Scan Analysis for NG.Q21
Based on a pre-defined weighted trend formula for chart analysis, NG.Q21 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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