Londinia Opportunities Analyses - 05/07/2024 (GMT) NATURAL GAS - 1H

- USD (-)

- 10 min delayed data - NYMEX Futures

Type:	Commodities
Ticker:	NG
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 2.188 USD

My targets

2.262 USD (+1.89%)

2.308 USD (+3.96%)

My analysis

The bullish trend is currently very strong on NATURAL GAS. As long as the price remains above the support at 2.188 USD, you could try to benefit from the boom. The first bullish objective is located at 2.262 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.308 USD as an objective. Crossing it would then enable buyers to target 2.757 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.6

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Additional analysis

Quotes

The NATURAL GAS rating is 2.220 USD. The price has increased by +0.59% since the last closing and was between 2.214 USD and 2.222 USD. This implies that the price is at +0.27% from its lowest and at -0.09% from its highest.

2.214

2.222

2.220

Here is a more detailed summary of the historical variations registered by NATURAL GAS:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of NATURAL GAS indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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 found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.092	2.133	2.188	2.220	2.221	2.262	2.308
Change (%)	-5.77%	-3.92%	-1.44%	-	+0.05%	+1.89%	+3.96%
Change	-0.128	-0.087	-0.032	-	+0.001	+0.042	+0.088
Level	Minor	Minor	Minor	-	Intermediate	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.076	2.109	2.164	2.197	2.252	2.285	2.340
Camarilla	2.195	2.203	2.211	2.219	2.227	2.235	2.243
Woodie	2.087	2.115	2.175	2.203	2.263	2.291	2.351
Fibonacci	2.109	2.143	2.163	2.197	2.231	2.251	2.285

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.736	1.825	1.983	2.072	2.230	2.319	2.477
Camarilla	2.074	2.097	2.119	2.142	2.165	2.187	2.210
Woodie	1.772	1.842	2.019	2.089	2.266	2.336	2.513
Fibonacci	1.825	1.919	1.977	2.072	2.166	2.224	2.319

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.444	1.677	1.804	2.037	2.164	2.397	2.524
Camarilla	1.833	1.866	1.899	1.932	1.965	1.998	2.031
Woodie	1.392	1.651	1.752	2.011	2.112	2.371	2.472
Fibonacci	1.677	1.814	1.899	2.037	2.174	2.259	2.397

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):	60.75
MACD (12,26,9):	0.0120
Directional Movement:	3.346
AROON (14):	14.285
DEMA (21):	2.210
Parabolic SAR (0,02-0,02-0,2):	2.157
Elder Ray (13):	0.018
Super Trend (3,10):	2.151
Zig ZAG (10):	2.219
VORTEX (21):	1.0420
Stochastique (14,3,5):	84.09
TEMA (21):	2.211
Williams %R (14):	-14.77
Chande Momentum Oscillator (20):	0.044
Repulse (5,40,3):	0.3890
ROCnROLL:	1
TRIX (15,9):	0.0610
Courbe Coppock:	3.94

MA7:	2.105
MA20:	2.068
MA50:	2.156
MA100:	2.374
MAexp7:	2.210
MAexp20:	2.195
MAexp50:	2.164
MAexp100:	2.119
Price / MA7:	+5.46%
Price / MA20:	+7.35%
Price / MA50:	+2.97%
Price / MA100:	-6.49%
Price / MAexp7:	+0.45%
Price / MAexp20:	+1.14%
Price / MAexp50:	+2.59%
Price / MAexp100:	+4.77%

Quotes : - 10 min delayed data - Futures NYMEX

News

The latest news and videos published on NATURAL GAS at the time of the analysis were as follows: