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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 09/05/2024 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 2.182 USD
My targets
2.094 USD (-1.69%)
2.043 USD (-4.08%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2.182 USD remains possible. It is advisable to trade NATURAL GAS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.182 USD. The next bearish objective for sellers is set at 2.094 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.043 USD. In case of crossing, the next objective would be the support located at 1.955 USD. PS: if there is a bullish break in the resistance located at 2.182 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9

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
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1H Daily Weekly

Additional analysis

Quotes

NATURAL GAS rating 2.130 USD. The price is lower by -0.70% since the last closing with the lowest point at 2.117 USD and the highest point at 2.148 USD. The deviation from the price is +0.61% for the low point and -0.84% for the high point.

2.117
2.148
2.130

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 for higher/lower results shows the following items:

Central Records

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


A technical analysis in 15 min. of this NATURAL GAS chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes

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

Central Indicators

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



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 2.075 2.103 2.130 2.130 2.162 2.201 2.225
Change (%) -2.58% -1.27% 0% - +1.50% +3.33% +4.46%
Change -0.055 -0.027 0 - +0.032 +0.071 +0.095
Level Intermediate 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
Standard1.9552.0432.0942.1822.2332.3212.372
Camarilla2.1072.1202.1322.1452.1582.1712.183
Woodie1.9372.0342.0762.1732.2152.3122.354
Fibonacci2.0432.0962.1292.1822.2352.2682.321


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): 42.07
MACD (12,26,9): -0.0050
Directional Movement: -8.313
AROON (14): -85.714
DEMA (21): 2.122
Parabolic SAR (0,02-0,02-0,2): 2.117
Elder Ray (13): -0.002
Super Trend (3,10): 2.134
Zig ZAG (10): 2.127
VORTEX (21): 0.7700
Stochastique (14,3,5): 32.01
TEMA (21): 2.123
Williams %R (14): -50.00
Chande Momentum Oscillator (20): -0.006
Repulse (5,40,3): 0.1170
ROCnROLL: 2
TRIX (15,9): -0.0340
Courbe Coppock: 1.00
MA7: 2.146
MA20: 2.237
MA50: 2.330
MA100: 2.669
MAexp7: 2.124
MAexp20: 2.129
MAexp50: 2.141
MAexp100: 2.157
Price / MA7: -0.75%
Price / MA20: -4.78%
Price / MA50: -8.58%
Price / MA100: -20.19%
Price / MAexp7: +0.28%
Price / MAexp20: +0.05%
Price / MAexp50: -0.51%
Price / MAexp100: -1.25%

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.

About author

Londinia
Londinia AI

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