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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 - 15 min. - Technical analysis published on 09/04/2024 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 2.168 USD
My targets
2.260 USD (+1.72%)
2.318 USD (+4.31%)
My analysis
The basic bullish trend is very strong on NATURAL GAS but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2.168 USD. Crossing the first resistance at 2.260 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2.318 USD as an objective. Crossing it would then enable buyers to target 2.410 USD. Caution, a return to below 2.168 USD would be a sign of a consolidation phase in the short-term basic trend. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2

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.

gaganiva
This analysis was given by gaganiva. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The NATURAL GAS rating is 2.222 USD. The price has increased by +0.86% since the last closing and was traded between 2.175 USD and 2.228 USD over the period. The price is currently at +2.16% from its lowest and -0.27% from its highest.

2.175
2.228
2.222

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NATURAL GAS:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of NATURAL GAS indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. 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:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.103 2.162 2.202 2.222 2.225 2.291 2.544
Change (%) -5.36% -2.70% -0.90% - +0.14% +3.11% +14.49%
Change -0.119 -0.060 -0.020 - +0.003 +0.069 +0.322
Level Intermediate Minor Intermediate - Minor Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.9602.0182.1102.1682.2602.3182.410
Camarilla2.1622.1762.1892.2032.2172.2312.244
Woodie1.9782.0272.1282.1772.2782.3272.428
Fibonacci2.0182.0752.1102.1682.2252.2602.318


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.8701.9462.0362.1122.2022.2782.368
Camarilla2.0812.0972.1122.1272.1422.1572.173
Woodie1.8781.9502.0442.1162.2102.2822.376
Fibonacci1.9462.0092.0482.1122.1752.2142.278


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.4981.7601.9432.2052.3882.6502.833
Camarilla2.0052.0452.0862.1272.1682.2092.249
Woodie1.4601.7401.9052.1852.3502.6302.795
Fibonacci1.7601.9302.0352.2052.3752.4802.650

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): 56.79
MACD (12,26,9): 0.0040
Directional Movement: 11.817
AROON (14): 78.571
DEMA (21): 2.204
Parabolic SAR (0,02-0,02-0,2): 2.185
Elder Ray (13): 0.012
Super Trend (3,10): 2.182
Zig ZAG (10): 2.215
VORTEX (21): 1.0200
Stochastique (14,3,5): 77.99
TEMA (21): 2.208
Williams %R (14): -24.53
Chande Momentum Oscillator (20): 0.025
Repulse (5,40,3): 0.2100
ROCnROLL: 1
TRIX (15,9): 0.0070
Courbe Coppock: 1.62
MA7: 2.150
MA20: 2.250
MA50: 2.347
MA100: 2.676
MAexp7: 2.211
MAexp20: 2.202
MAexp50: 2.198
MAexp100: 2.192
Price / MA7: +3.35%
Price / MA20: -1.24%
Price / MA50: -5.33%
Price / MA100: -16.97%
Price / MAexp7: +0.50%
Price / MAexp20: +0.91%
Price / MAexp50: +1.09%
Price / MAexp100: +1.37%

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:

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

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