Liquefied Natural Gas

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Closing price for LNG ($0.35) signals sellers are still keener than buyers

[BEARISH]: Liquefied Natural Gassellers are keener than buyers and are driving the price down. There has been 4 consecutive days of price decline for LNG adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -6.1 & the greatest daily negative change this year has been -96.8. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -100.1%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -100.1%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.2x. Over the last month the average daily downward movement has been -2.200000%

Open/close reversal confirmed for Liquefied Natural Gas signalling the sellers have lost commitment

[BEARISH WEAK]: Liquefied Natural Gas opened in the upper part of daily range at 83.3% & closed in the middle part of the trading range at 33.3%. This suggests the sellers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 11.1%.

Selling pressure for LNG.AX continues - bearish signal

Selling pressure for LNG.AX continues - bearish signal

[BEARISH]: Liquefied Natural Gas current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.39. Liquefied Natural Gas (ASX:LNG) received a confirmed CMF crossover days on the May 1 2019. The bearish signal has been active for 2 days. During the quarter, the lowest CMF value was -0.57 occurring on the May 1 2019.

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