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 10/24/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

33%

28%

39%

My opinion

Bullish above

My targets

()

My analysis

Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at remains possible. It is advisable to trade NATURAL GAS with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above . The next bullish objective for buyers is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . PS: if there is a bearish break in the support located at we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

4.1

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 2.377 USD. The price has increased by +1.49% since the last closing and was traded between 2.374 USD and 2.416 USD over the period. The price is currently at +0.13% from its lowest and -1.61% from its highest.

2.374

2.416

2.377

Here is a more detailed summary of the historical variations registered by NATURAL GAS:

The Central Records scanner for higher/lower results shows an item:

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of NATURAL GAS indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.210	2.258	2.342	2.377	2.444	2.496	2.550
Change (%)	-7.03%	-5.01%	-1.47%	-	+2.82%	+5.01%	+7.28%
Change	-0.167	-0.119	-0.035	-	+0.067	+0.119	+0.173
Level	Minor	Minor	Major	-	Major	Minor	Intermediate

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	2.069	2.163	2.253	2.347	2.437	2.531	2.621
Camarilla	2.291	2.308	2.325	2.342	2.359	2.376	2.393
Woodie	2.066	2.162	2.250	2.346	2.434	2.530	2.618
Fibonacci	2.163	2.234	2.277	2.347	2.418	2.461	2.531

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):	56.35
MACD (12,26,9):	0.0190
Directional Movement:	12.307
AROON (14):	7.143
DEMA (21):	2.403
Parabolic SAR (0,02-0,02-0,2):	2.442
Elder Ray (13):	0.004
Super Trend (3,10):	2.333
Zig ZAG (10):	2.387
VORTEX (21):	1.2000
Stochastique (14,3,5):	50.02
TEMA (21):	2.410
Williams %R (14):	-84.62
Chande Momentum Oscillator (20):	-0.018
Repulse (5,40,3):	-0.4720
ROCnROLL:	-1
TRIX (15,9):	0.1390
Courbe Coppock:	3.66

MA7:	2.331
MA20:	2.610
MA50:	2.561
MA100:	2.709
MAexp7:	2.391
MAexp20:	2.377
MAexp50:	2.351
MAexp100:	2.353
Price / MA7:	+1.97%
Price / MA20:	-8.93%
Price / MA50:	-7.18%
Price / MA100:	-12.26%
Price / MAexp7:	-0.59%
Price / MAexp20:	-0%
Price / MAexp50:	+1.11%
Price / MAexp100:	+1.02%

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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