Future Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
NATURAL GAS MAY 2021 (NYMEX:QNG.K21)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 19th, 2019 at 2.455
The intermediate term trend has been DOWN since Jun 10th, 2019 at 2.470
The short term trend has been DOWN since Jul 16th, 2019 at 2.430
Smart Scan Analysis for QNG.K21
Based on a pre-defined weighted trend formula for chart analysis, QNG.K21 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2014||52wk Low||2.38|
|52wk Low Date||2018-07-20||Volatility||5.98|