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 09/18/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 2.325 USD

My targets

2.283 USD (-0.44%)

2.229 USD (-2.79%)

My analysis

In the short term, we can see an acceleration in the bearish trend on NATURAL GAS, which is a positive signal for sellers. As long as the price remains above 2.325 USD, a sale could be considered. The first bearish objective is located at 2.283 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.229 USD as an objective. Crossing it would then enable sellers to target 2.192 USD. If the price were to return above 2.325 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

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 price is 2.293 USD. On the day, this instrument lost -1.33% and was between 2.283 USD and 2.377 USD. This implies that the price is at +0.44% from its lowest and at -3.53% from its highest.

2.283

2.377

2.293

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

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:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NATURAL GAS chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.192	2.229	2.283	2.293	2.325	2.365	2.407
Change (%)	-4.40%	-2.79%	-0.44%	-	+1.40%	+3.14%	+4.97%
Change	-0.101	-0.064	-0.010	-	+0.032	+0.072	+0.114
Level	Minor	Intermediate	Intermediate	-	Minor	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.146	2.227	2.275	2.356	2.404	2.485	2.533
Camarilla	2.289	2.300	2.312	2.324	2.336	2.348	2.360
Woodie	2.131	2.219	2.260	2.348	2.389	2.477	2.518
Fibonacci	2.227	2.276	2.306	2.356	2.405	2.435	2.485

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.869	1.997	2.151	2.279	2.433	2.561	2.715
Camarilla	2.228	2.253	2.279	2.305	2.331	2.357	2.383
Woodie	1.882	2.004	2.164	2.286	2.446	2.568	2.728
Fibonacci	1.997	2.105	2.171	2.279	2.387	2.453	2.561

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):	39.39
MACD (12,26,9):	-0.0060
Directional Movement:	-2.425
AROON (14):	-14.286
DEMA (21):	2.323
Parabolic SAR (0,02-0,02-0,2):	2.377
Elder Ray (13):	-0.015
Super Trend (3,10):	2.381
Zig ZAG (10):	2.302
VORTEX (21):	0.8200
Stochastique (14,3,5):	40.91
TEMA (21):	2.319
Williams %R (14):	-88.64
Chande Momentum Oscillator (20):	-0.016
Repulse (5,40,3):	-2.1330
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	0.78

MA7:	2.309
MA20:	2.219
MA50:	2.273
MA100:	2.639
MAexp7:	2.326
MAexp20:	2.332
MAexp50:	2.338
MAexp100:	2.326
Price / MA7:	-0.69%
Price / MA20:	+3.33%
Price / MA50:	+0.88%
Price / MA100:	-13.11%
Price / MAexp7:	-1.42%
Price / MAexp20:	-1.67%
Price / MAexp50:	-1.92%
Price / MAexp100:	-1.42%

Quotes : - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on NATURAL GAS at the time of the analysis were as follows:

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

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