Future Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
NATURAL GAS Aug 2024 (NYMEX:NG.Q24)
Long-Term Downtrend (-90) - NG.Q24 is in a strong downtrend that is likely to continue. While NG.Q24 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.Q24?
MarketClub looks at technical strength and momentum to determine if the timing is right for NG.Q24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NG.Q24
The long-term trend has been DOWN since Dec 7th, 2022 at 4.201
The intermediate-term trend has been DOWN since Aug 29th, 2023 at 3.321
The short-term trend has been DOWN since Sep 26th, 2023 at 3.258
Smart Scan Analysis for NG.Q24
Based on our trend formula, NG.Q24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).