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 11/14/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

33%

22%

44%

My opinion

Bullish above 2.877 USD

My targets

3.015 USD (+2.27%)

3.095 USD (+4.99%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NATURAL GAS. As long as you are above the support located at 2.877 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 3.015 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 3.095 USD as an objective. Crossing it would then enable buyers to target 3.504 USD. If the support 2.877 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

2.9

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

The NATURAL GAS price is 2.948 USD. On the day, this instrument lost -1.17% with the lowest point at 2.922 USD and the highest point at 2.985 USD. The deviation from the price is +0.89% for the low point and -1.24% for the high point.

2.922

2.985

2.948

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

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

Technical

Technical analysis of NATURAL GAS in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.663	2.796	2.877	2.948	2.955	3.015	3.095
Change (%)	-9.67%	-5.16%	-2.41%	-	+0.24%	+2.27%	+4.99%
Change	-0.285	-0.152	-0.071	-	+0.007	+0.067	+0.147
Level	Intermediate	Intermediate	Intermediate	-	Minor	Intermediate	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	2.679	2.754	2.869	2.944	3.059	3.134	3.249
Camarilla	2.931	2.948	2.966	2.983	3.000	3.018	3.035
Woodie	2.698	2.764	2.888	2.954	3.078	3.144	3.268
Fibonacci	2.754	2.827	2.872	2.944	3.017	3.062	3.134

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.212	2.363	2.516	2.667	2.820	2.971	3.124
Camarilla	2.585	2.613	2.641	2.669	2.697	2.725	2.753
Woodie	2.213	2.364	2.517	2.668	2.821	2.972	3.125
Fibonacci	2.363	2.479	2.551	2.667	2.783	2.855	2.971

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):	51.25
MACD (12,26,9):	0.0070
Directional Movement:	-0.056
AROON (14):	-100.000
DEMA (21):	2.965
Parabolic SAR (0,02-0,02-0,2):	3.006
Elder Ray (13):	-0.014
Super Trend (3,10):	2.899
Zig ZAG (10):	2.954
VORTEX (21):	1.0770
Stochastique (14,3,5):	62.90
TEMA (21):	2.962
Williams %R (14):	-45.61
Chande Momentum Oscillator (20):	-0.014
Repulse (5,40,3):	0.4950
ROCnROLL:	-1
TRIX (15,9):	0.0540
Courbe Coppock:	1.42

MA7:	2.838
MA20:	2.839
MA50:	3.051
MA100:	3.077
MAexp7:	2.956
MAexp20:	2.954
MAexp50:	2.932
MAexp100:	2.889
Price / MA7:	+3.88%
Price / MA20:	+3.84%
Price / MA50:	-3.38%
Price / MA100:	-4.19%
Price / MAexp7:	-0.27%
Price / MAexp20:	-0.20%
Price / MAexp50:	+0.55%
Price / MAexp100:	+2.04%

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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