Future Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
NATURAL GAS Nov 2019 (NYMEX:NG.X19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.X19
The long term trend has been DOWN since Apr 23rd, 2019 at 2.711
The intermediate term trend has been UP since Jul 5th, 2019 at 2.515
The short term trend has been DOWN since Jul 15th, 2019 at 2.515
Smart Scan Analysis for NG.X19
Based on a pre-defined weighted trend formula for chart analysis, NG.X19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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