Future Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
NATURAL GAS Dec 2023 (NYMEX:NG.Z23)
Strong Downtrend (-100) - NG.Z23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NG.Z23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NG.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for NG.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NG.Z23
The long-term trend has been DOWN since Sep 15th, 2023 at 3.340
The intermediate-term trend has been DOWN since Nov 7th, 2023 at 3.233
The short-term trend has been DOWN since Nov 24th, 2023 at 2.848
Smart Scan Analysis for NG.Z23
Based on our trend formula, NG.Z23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).