Future Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
NATURAL GAS Dec 2019 (NYMEX:NG.Z19)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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.Z19
The long term trend has been DOWN since Apr 23rd, 2019 at 2.867
The intermediate term trend has been UP since Jul 5th, 2019 at 2.699
The short term trend has been UP since Jul 22nd, 2019 at 2.580
Smart Scan Analysis for NG.Z19
Based on a pre-defined weighted trend formula for chart analysis, NG.Z19 scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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