Future Trend Analysis Report
Prepared for you on Tuesday, October 22, 2019.
NATURAL GAS Nov 2021 (NYMEX:NG.X21)
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.X21
The long term trend has been DOWN since Apr 23rd, 2019 at 2.630
The intermediate term trend has been DOWN since Apr 17th, 2019 at 2.656
The short term trend has been UP since Oct 17th, 2019 at 2.429
Smart Scan Analysis for NG.X21
Based on a pre-defined weighted trend formula for chart analysis, NG.X21 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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