Future Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
NATURAL GAS MAY 2021 (NYMEX:QNG.K21)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 QNG.K21
The long term trend has been DOWN since Jun 20th, 2019 at 2.446
The intermediate term trend has been DOWN since Nov 25th, 2019 at 2.288
The short term trend has been UP since Dec 4th, 2019 at 2.275
Smart Scan Analysis for QNG.K21
Based on a pre-defined weighted trend formula for chart analysis, QNG.K21 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4.5||52wk High Date||2014-01-07|
|52wk Low||2.24||52wk Low Date||2019-08-21|