NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	NG
ISIN:

NATURAL GAS - 1H - Technical analysis published on 03/18/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

83%

17%

My opinion

Bullish above 1.691 USD

My targets

1.745 USD (+0.69%)

1.841 USD (+6.23%)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade NATURAL GAS with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.691 USD. The buyers' bullish objective is set at 1.745 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.841 USD. If there is any crossing, the next objective would be the resistance located at 1.983 USD. If there is a bearish break in the support located at 1.691 USD some indecision would arise.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by adamrak12. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NATURAL GAS price is 1.733 USD. On the day, this instrument gained +4.71% and was between 1.684 USD and 1.747 USD. This implies that the price is at +2.91% from its lowest and at -0.80% from its highest.

1.684

1.747

1.733

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NATURAL GAS in 1H shows an overall slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	1.643	1.691	1.733	1.745	1.841	1.983
Change (%)	-5.19%	-2.42%	-	+0.69%	+6.23%	+14.43%
Change	-0.090	-0.042	-	+0.012	+0.108	+0.250
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.97
MACD (12,26,9):	0.0030
Directional Movement:	7.791
AROON (14):	42.857
DEMA (21):	1.719
Parabolic SAR (0,02-0,02-0,2):	1.666
Elder Ray (13):	0.013
Super Trend (3,10):	1.673
Zig ZAG (10):	1.730
VORTEX (21):	0.9310
Stochastique (14,3,5):	83.50
TEMA (21):	1.720
Williams %R (14):	-15.84
Chande Momentum Oscillator (20):	0.068
Repulse (5,40,3):	0.1770
ROCnROLL:	1
TRIX (15,9):	-0.0220
Courbe Coppock:	1.56

MA7:	1.723
MA20:	1.796
MA50:	2.020
MA100:	2.188
MAexp7:	1.725
MAexp20:	1.717
MAexp50:	1.715
MAexp100:	1.729
Price / MA7:	+0.58%
Price / MA20:	-3.51%
Price / MA50:	-14.21%
Price / MA100:	-20.80%
Price / MAexp7:	+0.46%
Price / MAexp20:	+0.93%
Price / MAexp50:	+1.05%
Price / MAexp100:	+0.23%

Quotes : - 10 min delayed data - NYMEX Futures

News

The last news published on NATURAL GAS at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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