Future Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
NATURAL GAS Oct 2020 (NYMEX:NG.V20)
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.V20
The long term trend has been DOWN since Nov 29th, 2019 at 2.317
The intermediate term trend has been DOWN since Jan 17th, 2020 at 2.280
The short term trend has been UP since Feb 12th, 2020 at 2.115
Smart Scan Analysis for NG.V20
Based on a pre-defined weighted trend formula for chart analysis, NG.V20 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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