NATURAL GAS - 15 min. - Technical analysis published on 08/16/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 2.155 USD
My targets
2.117 USD (-1.17%)
2.045 USD (-4.53%)
My analysis
The bearish trend is currently very strong for NATURAL GAS. As long as the price remains below the resistance at 2.155 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.117 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.045 USD as an objective. Crossing it would then enable sellers to target 2.028 USD. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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Additional analysis
Quotes
NATURAL GAS rating 2.142 USD. On the day, this instrument lost -2.50% with the lowest point at 2.132 USD and the highest point at 2.216 USD. The deviation from the price is +0.47% for the low point and -3.34% for the high point.2.132
2.216
2.142
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NATURAL GAS:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of NATURAL GAS indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.977 | 2.028 | 2.126 | 2.142 | 2.217 | 2.256 | 2.301 |
| Change (%) | -7.70% | -5.32% | -0.75% | - | +3.50% | +5.32% | +7.42% |
| Change | -0.165 | -0.114 | -0.016 | - | +0.075 | +0.114 | +0.159 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.045 | 2.117 | 2.157 | 2.229 | 2.269 | 2.341 | 2.381 |
| Camarilla | 2.166 | 2.177 | 2.187 | 2.197 | 2.207 | 2.218 | 2.228 |
| Woodie | 2.029 | 2.109 | 2.141 | 2.221 | 2.253 | 2.333 | 2.365 |
| Fibonacci | 2.117 | 2.160 | 2.186 | 2.229 | 2.272 | 2.298 | 2.341 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.649 | 1.766 | 1.954 | 2.071 | 2.259 | 2.376 | 2.564 |
| Camarilla | 2.059 | 2.087 | 2.115 | 2.143 | 2.171 | 2.199 | 2.227 |
| Woodie | 1.686 | 1.784 | 1.991 | 2.089 | 2.296 | 2.394 | 2.601 |
| Fibonacci | 1.766 | 1.882 | 1.954 | 2.071 | 2.187 | 2.259 | 2.376 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.212 | 1.589 | 1.778 | 2.155 | 2.344 | 2.721 | 2.910 |
| Camarilla | 1.812 | 1.864 | 1.916 | 1.968 | 2.020 | 2.072 | 2.124 |
| Woodie | 1.119 | 1.542 | 1.685 | 2.108 | 2.251 | 2.674 | 2.817 |
| Fibonacci | 1.589 | 1.805 | 1.939 | 2.155 | 2.371 | 2.505 | 2.721 |
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): | 36.35 | |
| MACD (12,26,9): | -0.0120 | |
| Directional Movement: | -14.310 | |
| AROON (14): | -71.429 | |
| DEMA (21): | 2.164 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.143 | |
| Elder Ray (13): | -0.011 | |
| Super Trend (3,10): | 2.183 | |
| Zig ZAG (10): | 2.156 | |
| VORTEX (21): | 0.7730 | |
| Stochastique (14,3,5): | 26.21 | |
| TEMA (21): | 2.156 | |
| Williams %R (14): | -79.10 | |
| Chande Momentum Oscillator (20): | -0.050 | |
| Repulse (5,40,3): | -0.5220 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0670 | |
| Courbe Coppock: | 4.37 |
| MA7: | 2.166 | |
| MA20: | 2.110 | |
| MA50: | 2.439 | |
| MA100: | 2.581 | |
| MAexp7: | 2.159 | |
| MAexp20: | 2.180 | |
| MAexp50: | 2.193 | |
| MAexp100: | 2.202 | |
| Price / MA7: | -1.11% | |
| Price / MA20: | +1.52% | |
| Price / MA50: | -12.18% | |
| Price / MA100: | -17.01% | |
| Price / MAexp7: | -0.79% | |
| Price / MAexp20: | -1.74% | |
| Price / MAexp50: | -2.33% | |
| Price / MAexp100: | -2.72% |
Quotes :
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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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