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 11/20/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 3.020 USD

My targets

3.095 USD (+1.14%)

3.331 USD (+8.87%)

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 3.020 USD. The buyers' bullish objective is set at 3.095 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.331 USD. If there is any crossing, the next objective would be the resistance located at 3.504 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

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 3.060 USD. The price has increased by +2.07% since the last closing and was traded between 2.942 USD and 3.063 USD over the period. The price is currently at +4.01% from its lowest and -0.10% from its highest.

2.942

3.063

3.060

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NATURAL GAS chart shows a strongly 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, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

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

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.975	3.020	3.058	3.060	3.095	3.504	3.666
Change (%)	-2.78%	-1.31%	-0.07%	-	+1.14%	+14.51%	+19.80%
Change	-0.085	-0.040	-0.002	-	+0.035	+0.444	+0.606
Level	Intermediate	Minor	Minor	-	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	2.763	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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	67.43
MACD (12,26,9):	0.0240
Directional Movement:	11.640
AROON (14):	28.571
DEMA (21):	3.028
Parabolic SAR (0,02-0,02-0,2):	2.944
Elder Ray (13):	0.039
Super Trend (3,10):	2.972
Zig ZAG (10):	3.056
VORTEX (21):	1.1820
Stochastique (14,3,5):	94.41
TEMA (21):	3.035
Williams %R (14):	-3.48
Chande Momentum Oscillator (20):	0.099
Repulse (5,40,3):	1.0390
ROCnROLL:	1
TRIX (15,9):	0.0790
Courbe Coppock:	2.96

MA7:	2.933
MA20:	2.855
MA50:	3.044
MA100:	3.055
MAexp7:	3.031
MAexp20:	2.998
MAexp50:	2.961
MAexp100:	2.924
Price / MA7:	+4.33%
Price / MA20:	+7.18%
Price / MA50:	+0.53%
Price / MA100:	+0.16%
Price / MAexp7:	+0.96%
Price / MAexp20:	+2.07%
Price / MAexp50:	+3.34%
Price / MAexp100:	+4.65%

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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