NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	NG
ISIN:

NATURAL GAS - 1H - Technical analysis published on 09/13/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 2.354 USD

My targets

2.394 USD (+0.84%)

2.434 USD (+2.51%)

My analysis

NATURAL GAS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.354 USD. The next resistance located at 2.394 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.434 USD. After this resistance, buyers could then target 2.544 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

7.7

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

Additional analysis

Quotes

The NATURAL GAS rating is 2.374 USD. The price has increased by +0.72% since the last closing with the lowest point at 2.350 USD and the highest point at 2.374 USD. The deviation from the price is +1.02% for the low point and 0% for the high point.

2.350

2.374

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

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of NATURAL GAS indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.107	2.228	2.283	2.374	2.394	2.544	2.840
Change (%)	-11.25%	-6.15%	-3.83%	-	+0.84%	+7.16%	+19.63%
Change	-0.267	-0.146	-0.091	-	+0.020	+0.170	+0.466
Level	Major	Intermediate	Intermediate	-	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
Standard	2.094	2.162	2.259	2.327	2.424	2.492	2.589
Camarilla	2.312	2.327	2.342	2.357	2.372	2.387	2.402
Woodie	2.110	2.169	2.275	2.334	2.440	2.499	2.605
Fibonacci	2.162	2.225	2.264	2.327	2.390	2.429	2.492

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.916	1.996	2.135	2.215	2.354	2.434	2.573
Camarilla	2.215	2.235	2.255	2.275	2.295	2.315	2.335
Woodie	1.947	2.011	2.166	2.230	2.385	2.449	2.604
Fibonacci	1.996	2.079	2.131	2.215	2.298	2.350	2.434

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.498	1.760	1.943	2.205	2.388	2.650	2.833
Camarilla	2.005	2.045	2.086	2.127	2.168	2.209	2.249
Woodie	1.460	1.740	1.905	2.185	2.350	2.630	2.795
Fibonacci	1.760	1.930	2.035	2.205	2.375	2.480	2.650

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):	64.91
MACD (12,26,9):	0.0240
Directional Movement:	16.226
AROON (14):	21.429
DEMA (21):	2.373
Parabolic SAR (0,02-0,02-0,2):	2.334
Elder Ray (13):	0.013
Super Trend (3,10):	2.318
Zig ZAG (10):	2.366
VORTEX (21):	1.2160
Stochastique (14,3,5):	75.54
TEMA (21):	2.378
Williams %R (14):	-36.84
Chande Momentum Oscillator (20):	-0.009
Repulse (5,40,3):	0.2090
ROCnROLL:	1
TRIX (15,9):	0.1550
Courbe Coppock:	5.32

MA7:	2.275
MA20:	2.227
MA50:	2.288
MA100:	2.648
MAexp7:	2.363
MAexp20:	2.341
MAexp50:	2.301
MAexp100:	2.266
Price / MA7:	+4.35%
Price / MA20:	+6.60%
Price / MA50:	+3.76%
Price / MA100:	-10.35%
Price / MAexp7:	+0.47%
Price / MAexp20:	+1.41%
Price / MAexp50:	+3.17%
Price / MAexp100:	+4.77%

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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