NATURAL GAS
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 03/19/2024 (GMT)

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

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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

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:
15 min. Daily Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard1.5931.6381.6711.7161.7491.7941.827
Camarilla1.6821.6891.6961.7031.7101.7171.725
Woodie1.5861.6351.6641.7131.7421.7911.820
Fibonacci1.6381.6681.6871.7161.7461.7651.794


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.3871.5151.5851.7131.7831.9111.981
Camarilla1.6011.6191.6371.6551.6731.6911.710
Woodie1.3581.5011.5561.6991.7541.8971.952
Fibonacci1.5151.5911.6371.7131.7891.8351.911


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.9581.2921.5631.8972.1682.5022.773
Camarilla1.6691.7241.7801.8351.8911.9462.001
Woodie0.9281.2761.5331.8812.1382.4862.743
Fibonacci1.2921.5231.6661.8972.1282.2712.502

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 - NYMEX Futures

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

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