NATURAL GAS - 1H - Technical analysis published on 03/19/2024 (GMT)
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- Timeframe : 1H
- - 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:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.717 USD
My targets
1.745 USD (+1.22%)
1.841 USD (+6.79%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NATURAL GAS. This is a positive signal for buyers. As long as the price remains above 1.717 USD, a purchase could be considered. The first bullish objective is located at 1.745 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.841 USD as an objective. Crossing it would then enable buyers to target 1.913 USD. In the event of a return below 1.717 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
0
10
6.6
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Additional analysis
Quotes
NATURAL GAS rating 1.724 USD. On the day, this instrument gained +1.23% and was between 1.707 USD and 1.738 USD. This implies that the price is at +1.00% from its lowest and at -0.81% from its highest.1.707
1.738
1.724
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:
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 this 1H chart of NATURAL GAS indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.644 | 1.691 | 1.717 | 1.724 | 1.745 | 1.841 | 1.913 |
| Change (%) | -4.64% | -1.91% | -0.41% | - | +1.22% | +6.79% | +10.96% |
| Change | -0.080 | -0.033 | -0.007 | - | +0.021 | +0.117 | +0.189 |
| Level | Major | Intermediate | 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 | 1.593 | 1.638 | 1.671 | 1.716 | 1.749 | 1.794 | 1.827 |
| Camarilla | 1.682 | 1.689 | 1.696 | 1.703 | 1.710 | 1.717 | 1.725 |
| Woodie | 1.586 | 1.635 | 1.664 | 1.713 | 1.742 | 1.791 | 1.820 |
| Fibonacci | 1.638 | 1.668 | 1.687 | 1.716 | 1.746 | 1.765 | 1.794 |
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): | 57.00 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 5.228 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 1.723 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.695 | |
| Elder Ray (13): | 0.009 | |
| Super Trend (3,10): | 1.689 | |
| Zig ZAG (10): | 1.732 | |
| VORTEX (21): | 0.9820 | |
| Stochastique (14,3,5): | 85.27 | |
| TEMA (21): | 1.725 | |
| Williams %R (14): | -14.29 | |
| Chande Momentum Oscillator (20): | 0.018 | |
| Repulse (5,40,3): | 0.3590 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0040 | |
| Courbe Coppock: | 1.62 |
| MA7: | 1.709 | |
| MA20: | 1.797 | |
| MA50: | 1.999 | |
| MA100: | 2.175 | |
| MAexp7: | 1.726 | |
| MAexp20: | 1.721 | |
| MAexp50: | 1.719 | |
| MAexp100: | 1.727 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | -4.06% | |
| Price / MA50: | -13.76% | |
| Price / MA100: | -20.74% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | -0.17% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
The latest news and videos published on NATURAL GAS at the time of the analysis were as follows:
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Natural gas Prices forecast for the week of December 12 2016, Technical Analysis
-
Natural Gas Technical Analysis for December 12 2016 by FXEmpire.com
-
Natural Gas Technical Analysis for December 09 2016 by FXEmpire.com
-
Natural Gas Technical Analysis for December 08 2016 by FXEmpire.com
-
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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