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 11/20/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 2.987 USD

My targets

3.069 USD (+0.33%)

3.140 USD (+2.65%)

My analysis

The bullish trend is currently very strong on NATURAL GAS. As long as the price remains above the support at 2.987 USD, you could try to benefit from the boom. The first bullish objective is located at 3.069 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.140 USD as an objective. Crossing it would then enable buyers to target 3.222 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.4

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 rating is 3.059 USD. On the day, this instrument gained +2.04% with the lowest point at 2.942 USD and the highest point at 3.063 USD. The deviation from the price is +3.98% for the low point and -0.13% for the high point.

2.942

3.063

3.059

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 for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NATURAL GAS in 15 min. shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 15 minutes

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.975	3.020	3.058	3.059	3.095	3.504	3.666
Change (%)	-2.75%	-1.27%	-0.03%	-	+1.18%	+14.55%	+19.84%
Change	-0.084	-0.039	-0.001	-	+0.036	+0.445	+0.607
Level	Intermediate	Minor	Minor	-	Minor	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.763	2.834	2.916	2.987	3.069	3.140	3.222
Camarilla	2.956	2.970	2.984	2.998	3.012	3.026	3.040
Woodie	2.769	2.837	2.922	2.990	3.075	3.143	3.228
Fibonacci	2.834	2.892	2.929	2.987	3.045	3.082	3.140

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.335	2.512	2.667	2.844	2.999	3.176	3.331
Camarilla	2.732	2.762	2.793	2.823	2.853	2.884	2.914
Woodie	2.325	2.507	2.657	2.839	2.989	3.171	3.321
Fibonacci	2.512	2.639	2.717	2.844	2.971	3.049	3.176

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 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):	69.38
MACD (12,26,9):	0.0180
Directional Movement:	24.085
AROON (14):	78.571
DEMA (21):	3.056
Parabolic SAR (0,02-0,02-0,2):	3.022
Elder Ray (13):	0.011
Super Trend (3,10):	3.022
Zig ZAG (10):	3.056
VORTEX (21):	1.3030
Stochastique (14,3,5):	81.77
TEMA (21):	3.063
Williams %R (14):	-12.00
Chande Momentum Oscillator (20):	0.010
Repulse (5,40,3):	0.2360
ROCnROLL:	1
TRIX (15,9):	0.0920
Courbe Coppock:	2.17

MA7:	2.933
MA20:	2.855
MA50:	3.044
MA100:	3.055
MAexp7:	3.050
MAexp20:	3.032
MAexp50:	3.007
MAexp100:	2.987
Price / MA7:	+4.30%
Price / MA20:	+7.15%
Price / MA50:	+0.49%
Price / MA100:	+0.13%
Price / MAexp7:	+0.30%
Price / MAexp20:	+0.89%
Price / MAexp50:	+1.73%
Price / MAexp100:	+2.41%

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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