Future Trend Analysis Report
Prepared for you on Thursday, August 11, 2022.
NATURAL GAS Dec 2024 (NYMEX:NG.Z24)
Sidelines Mode (+55) - NG.Z24 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NG.Z24?
MarketClub looks at technical strength and momentum to determine if the timing is right for NG.Z24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NG.Z24
The long-term trend has been UP since Apr 29th, 2021 at 2.760
The intermediate-term trend has been DOWN since Aug 2nd, 2022 at 4.984
The short-term trend has been UP since Aug 5th, 2022 at 5.060
Smart Scan Analysis for NG.Z24
Based on our trend formula, NG.Z24 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).