Future Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
NATURAL GAS Dec 2024 (NYMEX:NG.Z24)
Strong Downtrend (-100) - NG.Z24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NG.Z24 continues to fall. Traders should use caution and set stops.
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 DOWN since Dec 27th, 2022 at 4.905
The intermediate-term trend has been DOWN since Sep 5th, 2023 at 4.200
The short-term trend has been DOWN since Sep 11th, 2023 at 4.183
Smart Scan Analysis for NG.Z24
Based on our trend formula, NG.Z24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).