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 10/21/2024 (GMT)

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Timeframe : 15 min.
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 2.292 USD

My targets

2.336 USD (+1.83%)

2.414 USD (+5.23%)

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 2.292 USD. The buyers' bullish objective is set at 2.336 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.414 USD. If there is any crossing, the next objective would be the resistance located at 2.458 USD.

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

5.9

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

NATURAL GAS rating 2.294 USD. The price has increased by +1.59% since the last closing with the lowest point at 2.210 USD and the highest point at 2.299 USD. The deviation from the price is +3.80% for the low point and -0.22% for the high point.

2.210

2.299

2.294

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NATURAL GAS in 15 min. shows an overall bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced 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.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

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

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	2.294	2.342	2.445	2.587
Change (%)	-	+2.09%	+6.58%	+12.77%
Change	-	+0.048	+0.151	+0.293
Level	-	Major	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.092	2.170	2.214	2.292	2.336	2.414	2.458
Camarilla	2.225	2.236	2.247	2.258	2.269	2.280	2.292
Woodie	2.075	2.162	2.197	2.284	2.319	2.406	2.441
Fibonacci	2.170	2.217	2.245	2.292	2.339	2.367	2.414

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.752	2.000	2.129	2.377	2.506	2.754	2.883
Camarilla	2.154	2.189	2.223	2.258	2.293	2.327	2.362
Woodie	1.693	1.970	2.070	2.347	2.447	2.724	2.824
Fibonacci	2.000	2.144	2.233	2.377	2.521	2.610	2.754

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.850	2.080	2.488	2.718	3.126	3.356	3.764
Camarilla	2.721	2.779	2.838	2.896	2.955	3.013	3.072
Woodie	1.939	2.125	2.577	2.763	3.215	3.401	3.853
Fibonacci	2.080	2.324	2.474	2.718	2.962	3.112	3.356

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):	72.73
MACD (12,26,9):	0.0100
Directional Movement:	21.965
AROON (14):	100.000
DEMA (21):	2.285
Parabolic SAR (0,02-0,02-0,2):	2.269
Elder Ray (13):	0.014
Super Trend (3,10):	2.266
Zig ZAG (10):	2.297
VORTEX (21):	1.2500
Stochastique (14,3,5):	84.69
TEMA (21):	2.293
Williams %R (14):	-15.79
Chande Momentum Oscillator (20):	0.025
Repulse (5,40,3):	0.2630
ROCnROLL:	1
TRIX (15,9):	0.0490
Courbe Coppock:	2.63

MA7:	2.412
MA20:	2.674
MA50:	2.575
MA100:	2.737
MAexp7:	2.284
MAexp20:	2.271
MAexp50:	2.266
MAexp100:	2.278
Price / MA7:	-4.89%
Price / MA20:	-14.21%
Price / MA50:	-10.91%
Price / MA100:	-16.19%
Price / MAexp7:	+0.44%
Price / MAexp20:	+1.01%
Price / MAexp50:	+1.24%
Price / MAexp100:	+0.70%

Quotes : - 10 min delayed data - NYMEX Futures

News

Don't forget to follow the news on NATURAL GAS. At the time of publication of this analysis, the latest news was as follows:

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

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