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 11/06/2024 (GMT)

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Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 2.687 USD

My targets

2.780 USD (+1.19%)

2.817 USD (+2.55%)

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 2.687 USD. The next resistance located at 2.780 USD is the next bullish target 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 2.817 USD. After this resistance, buyers could then target 2.877 USD.

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

6.1

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 Bella19788. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NATURAL GAS rating is 2.747 USD. The price registered an increase of +2.88% on the session and was between 2.660 USD and 2.796 USD. This implies that the price is at +3.27% from its lowest and at -1.75% from its highest.

2.660

2.796

2.747

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

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 NATURAL GAS in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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	2.514	2.597	2.687	2.747	2.817	2.877	3.115
Change (%)	-8.48%	-5.46%	-2.18%	-	+2.55%	+4.73%	+13.40%
Change	-0.233	-0.150	-0.060	-	+0.070	+0.130	+0.368
Level	Major	Minor	Intermediate	-	Intermediate	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.441	2.546	2.608	2.713	2.775	2.880	2.942
Camarilla	2.624	2.639	2.655	2.670	2.685	2.701	2.716
Woodie	2.420	2.535	2.587	2.702	2.754	2.869	2.921
Fibonacci	2.546	2.610	2.649	2.713	2.777	2.816	2.880

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.103	2.368	2.515	2.780	2.927	3.192	3.339
Camarilla	2.550	2.588	2.625	2.663	2.701	2.739	2.776
Woodie	2.045	2.339	2.457	2.751	2.869	3.163	3.281
Fibonacci	2.368	2.525	2.622	2.780	2.937	3.034	3.192

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.423	2.028	2.345	2.950	3.267	3.872	4.189
Camarilla	2.410	2.494	2.579	2.663	2.748	2.832	2.917
Woodie	1.280	1.956	2.202	2.878	3.124	3.800	4.046
Fibonacci	2.028	2.380	2.598	2.950	3.302	3.520	3.872

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):	59.60
MACD (12,26,9):	0.0110
Directional Movement:	13.101
AROON (14):	85.714
DEMA (21):	2.730
Parabolic SAR (0,02-0,02-0,2):	2.718
Elder Ray (13):	0.024
Super Trend (3,10):	2.667
Zig ZAG (10):	2.768
VORTEX (21):	1.1080
Stochastique (14,3,5):	69.85
TEMA (21):	2.745
Williams %R (14):	-33.09
Chande Momentum Oscillator (20):	0.071
Repulse (5,40,3):	0.1710
ROCnROLL:	1
TRIX (15,9):	-0.0030
Courbe Coppock:	4.50

MA7:	2.754
MA20:	2.894
MA50:	3.062
MA100:	3.134
MAexp7:	2.741
MAexp20:	2.721
MAexp50:	2.717
MAexp100:	2.732
Price / MA7:	-0.25%
Price / MA20:	-5.08%
Price / MA50:	-10.29%
Price / MA100:	-12.35%
Price / MAexp7:	+0.22%
Price / MAexp20:	+0.96%
Price / MAexp50:	+1.10%
Price / MAexp100:	+0.55%

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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