Future Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
NATURAL GAS Nov 2019 (NYMEX:NG.X19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.X19
The long term trend has been UP since Sep 9th, 2019 at 2.601
The intermediate term trend has been UP since Aug 29th, 2019 at 2.297
The short term trend has been DOWN since Sep 18th, 2019 at 2.686
Smart Scan Analysis for NG.X19
Based on a pre-defined weighted trend formula for chart analysis, NG.X19 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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