NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	NG
ISIN:

NATURAL GAS - Daily - Technical analysis published on 05/15/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

94%

My opinion

Bullish above 2.243 USD

My targets

2.464 USD (+4.27%)

2.524 USD (+6.83%)

My analysis

The strong short-term increase of NATURAL GAS should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 2.243 USD, a purchase could be considered. The first bullish objective is located at 2.464 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 2.524 USD. If there is any crossing, the next objective would be the resistance at 2.757 USD. Caution, if there is a return under 2.243 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.8

Comment on the analysis

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 Barts_XV. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NATURAL GAS price is 2.363 USD. The price has increased by +0.81% since the last closing with the lowest point at 2.334 USD and the highest point at 2.364 USD. The deviation from the price is +1.24% for the low point and -0.04% for the high point.

2.334

2.364

2.363

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 NATURAL GAS in Daily shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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 : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	1.923	2.226	2.363	2.464	2.757	3.341
Change (%)	-18.62%	-5.80%	-	+4.27%	+16.67%	+41.39%
Change	-0.440	-0.137	-	+0.101	+0.394	+0.978
Level	Minor	Major	-	Minor	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	2.210	2.258	2.301	2.349	2.392	2.440	2.483
Camarilla	2.319	2.327	2.336	2.344	2.352	2.361	2.369
Woodie	2.208	2.257	2.299	2.348	2.390	2.439	2.481
Fibonacci	2.258	2.293	2.314	2.349	2.384	2.405	2.440

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.931	2.032	2.142	2.243	2.353	2.454	2.564
Camarilla	2.194	2.213	2.233	2.252	2.271	2.291	2.310
Woodie	1.936	2.034	2.147	2.245	2.358	2.456	2.569
Fibonacci	2.032	2.113	2.162	2.243	2.324	2.373	2.454

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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.60
MACD (12,26,9):	0.0570
Directional Movement:	16.920
AROON (14):	85.714
DEMA (21):	2.243
Parabolic SAR (0,02-0,02-0,2):	2.114
Elder Ray (13):	0.123
Super Trend (3,10):	2.026
Zig ZAG (10):	2.362
VORTEX (21):	1.1440
Stochastique (14,3,5):	93.78
TEMA (21):	2.326
Williams %R (14):	-7.17
Chande Momentum Oscillator (20):	0.332
Repulse (5,40,3):	4.6760
ROCnROLL:	1
TRIX (15,9):	0.1060
Courbe Coppock:	25.50

MA7:	2.291
MA20:	2.133
MA50:	2.149
MA100:	2.366
MAexp7:	2.290
MAexp20:	2.189
MAexp50:	2.202
MAexp100:	2.360
Price / MA7:	+3.14%
Price / MA20:	+10.78%
Price / MA50:	+9.96%
Price / MA100:	-0.13%
Price / MAexp7:	+3.19%
Price / MAexp20:	+7.95%
Price / MAexp50:	+7.31%
Price / MAexp100:	+0.13%

Quotes : - 10 min delayed data - 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:

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

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