NATURAL GAS - 1H - Technical analysis published on 04/29/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 2.002 USD
My targets
1.926 USD (-0.57%)
My analysis
The bearish trend is currently very strong for NATURAL GAS. As long as the price remains below the resistance at 2.002 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.926 USD. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
NATURAL GAS rating 1.937 USD. On the day, this instrument gained +0.73% with the lowest point at 1.921 USD and the highest point at 1.966 USD. The deviation from the price is +0.83% for the low point and -1.48% for the high point.1.921
1.966
1.937
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 NATURAL GAS in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.926 | 1.937 | 2.049 | 2.130 | 2.219 |
| Change (%) | -0.57% | - | +5.78% | +9.96% | +14.56% |
| Change | -0.011 | - | +0.112 | +0.193 | +0.282 |
| Level | Minor | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.794 | 1.852 | 1.887 | 1.945 | 1.980 | 2.038 | 2.073 |
| Camarilla | 1.897 | 1.906 | 1.915 | 1.923 | 1.932 | 1.940 | 1.949 |
| Woodie | 1.784 | 1.846 | 1.877 | 1.939 | 1.970 | 2.032 | 2.063 |
| Fibonacci | 1.852 | 1.887 | 1.909 | 1.945 | 1.980 | 2.002 | 2.038 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.565 | 1.737 | 1.830 | 2.002 | 2.095 | 2.267 | 2.360 |
| Camarilla | 1.850 | 1.874 | 1.899 | 1.923 | 1.947 | 1.972 | 1.996 |
| Woodie | 1.526 | 1.717 | 1.791 | 1.982 | 2.056 | 2.247 | 2.321 |
| Fibonacci | 1.737 | 1.838 | 1.901 | 2.002 | 2.103 | 2.166 | 2.267 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.475 | 1.744 | 1.953 | 2.222 | 2.431 | 2.700 | 2.909 |
| Camarilla | 2.032 | 2.075 | 2.119 | 2.163 | 2.207 | 2.251 | 2.295 |
| Woodie | 1.446 | 1.729 | 1.924 | 2.207 | 2.402 | 2.685 | 2.880 |
| Fibonacci | 1.744 | 1.926 | 2.039 | 2.222 | 2.404 | 2.517 | 2.700 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.87 | |
| MACD (12,26,9): | -0.0030 | |
| Directional Movement: | -10.606 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 1.944 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.926 | |
| Elder Ray (13): | -0.005 | |
| Super Trend (3,10): | 1.970 | |
| Zig ZAG (10): | 1.946 | |
| VORTEX (21): | 1.0790 | |
| Stochastique (14,3,5): | 55.73 | |
| TEMA (21): | 1.950 | |
| Williams %R (14): | -64.44 | |
| Chande Momentum Oscillator (20): | -0.011 | |
| Repulse (5,40,3): | -1.1590 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0330 | |
| Courbe Coppock: | 2.14 |
| MA7: | 2.023 | |
| MA20: | 2.085 | |
| MA50: | 2.171 | |
| MA100: | 2.389 | |
| MAexp7: | 1.948 | |
| MAexp20: | 1.949 | |
| MAexp50: | 1.967 | |
| MAexp100: | 1.997 | |
| Price / MA7: | -4.25% | |
| Price / MA20: | -7.10% | |
| Price / MA50: | -10.78% | |
| Price / MA100: | -18.92% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | -0.62% | |
| Price / MAexp50: | -1.53% | |
| Price / MAexp100: | -3.00% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
Don't forget to follow the news on NATURAL GAS. At the time of publication of this analysis, the latest news was as follows:
-
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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