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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: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.202 USD
My targets
2.260 USD (+0.95%)
2.318 USD (+3.51%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NATURAL GAS as long as the price remains well above 2.202 USD. The buyers' bullish objective is set at 2.260 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.318 USD. If there is any crossing, the next objective would be the resistance located at 2.410 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
0
10
9.1

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 2.239 USD. On the day, this instrument gained +1.63% and was between 2.175 USD and 2.248 USD. This implies that the price is at +2.94% from its lowest and at -0.40% from its highest.

2.175
2.248
2.239

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



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

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.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.162 2.202 2.225 2.239 2.291 2.544 2.842
Change (%) -3.44% -1.65% -0.63% - +2.32% +13.62% +26.93%
Change -0.077 -0.037 -0.014 - +0.052 +0.305 +0.603
Level Minor Intermediate Minor - Intermediate Minor Minor



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
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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 72.44
MACD (12,26,9): 0.0080
Directional Movement: 18.261
AROON (14): 100.000
DEMA (21): 2.216
Parabolic SAR (0,02-0,02-0,2): 2.191
Elder Ray (13): 0.026
Super Trend (3,10): 2.191
Zig ZAG (10): 2.238
VORTEX (21): 1.0910
Stochastique (14,3,5): 84.51
TEMA (21): 2.222
Williams %R (14): -10.45
Chande Momentum Oscillator (20): 0.059
Repulse (5,40,3): 1.3780
ROCnROLL: 1
TRIX (15,9): 0.0160
Courbe Coppock: 2.57
MA7: 2.150
MA20: 2.249
MA50: 2.347
MA100: 2.676
MAexp7: 2.225
MAexp20: 2.208
MAexp50: 2.201
MAexp100: 2.193
Price / MA7: +4.14%
Price / MA20: -0.44%
Price / MA50: -4.60%
Price / MA100: -16.33%
Price / MAexp7: +0.63%
Price / MAexp20: +1.40%
Price / MAexp50: +1.73%
Price / MAexp100: +2.10%

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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