NATURAL GAS - 1H - Technical analysis published on 03/22/2024 (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:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 1.713 USD
My targets
1.691 USD (-0.41%)
1.661 USD (-2.18%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.713 USD remains possible. It is advisable to trade NATURAL GAS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.713 USD. The next bearish objective for sellers is set at 1.691 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.661 USD. PS: if there is a bullish break in the resistance located at 1.713 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.4
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This analysis was given by adamrak12. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NATURAL GAS rating is 1.698 USD. The price registered an increase of +0.89% on the session with the lowest point at 1.684 USD and the highest point at 1.712 USD. The deviation from the price is +0.83% for the low point and -0.82% for the high point.1.684
1.712
1.698
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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NATURAL GAS chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.661 | 1.691 | 1.698 | 1.713 | 1.742 | 1.768 |
| Change (%) | -2.18% | -0.41% | - | +0.88% | +2.59% | +4.12% |
| Change | -0.037 | -0.007 | - | +0.015 | +0.044 | +0.070 |
| Level | Major | Minor | - | Intermediate | Minor | Intermediate |
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 | 1.691 | 1.693 | 1.695 | 1.697 | 1.699 | 1.701 | 1.703 |
| Camarilla | 1.696 | 1.696 | 1.697 | 1.697 | 1.697 | 1.698 | 1.698 |
| Woodie | 1.691 | 1.693 | 1.695 | 1.697 | 1.699 | 1.701 | 1.703 |
| Fibonacci | 1.693 | 1.695 | 1.696 | 1.697 | 1.699 | 1.700 | 1.701 |
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): | 51.13 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -4.635 | |
| AROON (14): | 64.285 | |
| DEMA (21): | 1.692 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.673 | |
| Elder Ray (13): | 0.004 | |
| Super Trend (3,10): | 1.712 | |
| Zig ZAG (10): | 1.699 | |
| VORTEX (21): | 0.9580 | |
| Stochastique (14,3,5): | 86.89 | |
| TEMA (21): | 1.698 | |
| Williams %R (14): | -18.03 | |
| Chande Momentum Oscillator (20): | 0.031 | |
| Repulse (5,40,3): | 0.2480 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.45 |
| MA7: | 1.706 | |
| MA20: | 1.781 | |
| MA50: | 1.938 | |
| MA100: | 2.134 | |
| MAexp7: | 1.699 | |
| MAexp20: | 1.696 | |
| MAexp50: | 1.704 | |
| MAexp100: | 1.713 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -4.66% | |
| Price / MA50: | -12.38% | |
| Price / MA100: | -20.43% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -0.88% |
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:
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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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