NATURAL GAS - 15 min. - Technical analysis published on 03/18/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.713 USD
My targets
1.737 USD (+0.07%)
1.820 USD (+4.82%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on NATURAL GAS as long as the price remains well above 1.713 USD. The buyers' bullish objective is set at 1.737 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.820 USD. If there is any crossing, the next objective would be the resistance located at 1.865 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5
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Additional analysis
Quotes
The NATURAL GAS price is 1.736 USD. The price has increased by +4.89% since the last closing and was between 1.684 USD and 1.747 USD. This implies that the price is at +3.09% from its lowest and at -0.63% from its highest.1.684
1.747
1.736
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NATURAL GAS in 15 min. shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.643 | 1.691 | 1.736 | 1.745 | 1.841 | 1.983 |
| Change (%) | -5.36% | -2.59% | - | +0.52% | +6.05% | +14.23% |
| Change | -0.093 | -0.045 | - | +0.009 | +0.105 | +0.247 |
| Level | Intermediate | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.481 | 1.564 | 1.609 | 1.692 | 1.737 | 1.820 | 1.865 |
| Camarilla | 1.620 | 1.632 | 1.643 | 1.655 | 1.667 | 1.679 | 1.690 |
| Woodie | 1.463 | 1.555 | 1.591 | 1.683 | 1.719 | 1.811 | 1.847 |
| Fibonacci | 1.564 | 1.613 | 1.643 | 1.692 | 1.741 | 1.771 | 1.820 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.387 | 1.515 | 1.585 | 1.713 | 1.783 | 1.911 | 1.981 |
| Camarilla | 1.601 | 1.619 | 1.637 | 1.655 | 1.673 | 1.691 | 1.710 |
| Woodie | 1.358 | 1.501 | 1.556 | 1.699 | 1.754 | 1.897 | 1.952 |
| Fibonacci | 1.515 | 1.591 | 1.637 | 1.713 | 1.789 | 1.835 | 1.911 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.958 | 1.292 | 1.563 | 1.897 | 2.168 | 2.502 | 2.773 |
| Camarilla | 1.669 | 1.724 | 1.780 | 1.835 | 1.891 | 1.946 | 2.001 |
| Woodie | 0.928 | 1.276 | 1.533 | 1.881 | 2.138 | 2.486 | 2.743 |
| Fibonacci | 1.292 | 1.523 | 1.666 | 1.897 | 2.128 | 2.271 | 2.502 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 67.84 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 24.479 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 1.708 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.673 | |
| Elder Ray (13): | 0.028 | |
| Super Trend (3,10): | 1.696 | |
| Zig ZAG (10): | 1.731 | |
| VORTEX (21): | 1.2380 | |
| Stochastique (14,3,5): | 92.14 | |
| TEMA (21): | 1.726 | |
| Williams %R (14): | -7.87 | |
| Chande Momentum Oscillator (20): | 0.062 | |
| Repulse (5,40,3): | 1.1780 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0420 | |
| Courbe Coppock: | 6.39 |
| MA7: | 1.724 | |
| MA20: | 1.796 | |
| MA50: | 2.020 | |
| MA100: | 2.188 | |
| MAexp7: | 1.723 | |
| MAexp20: | 1.699 | |
| MAexp50: | 1.701 | |
| MAexp100: | 1.708 | |
| Price / MA7: | +0.70% | |
| Price / MA20: | -3.34% | |
| Price / MA50: | -14.06% | |
| Price / MA100: | -20.66% | |
| Price / MAexp7: | +0.75% | |
| Price / MAexp20: | +2.18% | |
| Price / MAexp50: | +2.06% | |
| Price / MAexp100: | +1.64% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
The last news published on NATURAL GAS at the time of the generation of this analysis was as follows:
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Natural gas Prices forecast for the week of December 12 2016, Technical Analysis
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Natural Gas Technical Analysis for December 12 2016 by FXEmpire.com
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Natural Gas Technical Analysis for December 09 2016 by FXEmpire.com
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Natural Gas Technical Analysis for December 08 2016 by FXEmpire.com
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Natural Gas Technical Analysis for December 07 2016 by FXEmpire.com
This member declared not having a position on this financial instrument or a related financial instrument.
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