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Future Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
NATURAL GAS SEPTEMBER 2024 (NYMEX:QNG.U24)
Long-Term Downtrend (-90) - QNG.U24 is in a strong downtrend that is likely to continue. While QNG.U24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QNG.U24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNG.U24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for QNG.U24
The long-term trend has been DOWN since Dec 6th, 2022 at 4.177
The intermediate-term trend has been DOWN since Aug 29th, 2023 at 3.299
The short-term trend has been DOWN since Sep 18th, 2023 at 3.255
Smart Scan Analysis for QNG.U24
Based on our trend formula, QNG.U24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.267 | 3.284 | 3.252 | 3.275 | +0.009 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.266 | 2293 | 3.272 | 3.276 | 2023-09-25 14:45:13 |
| 52wk High | 5.02 | 52wk High Date | 2022-09-02 |
| 52wk Low | 2.35 | 52wk Low Date | 2020-05-18 |
| Volatility | 14.98 | Expiration | 2024-08-28 |