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)

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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

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 2.987 USD. The next resistance located at 3.069 USD is the next bullish objective 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 3.140 USD. After this resistance, buyers could then target 3.222 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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 price is 3.059 USD. The price has increased by +2.04% since the last closing and was between 2.942 USD and 3.063 USD. This implies that the price is at +3.98% from its lowest and at -0.13% from its highest.

2.942

3.063

3.059

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this NATURAL GAS chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

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

The analysis of the price chart with Central Patterns scanners does not return any result.

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

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	69.76
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):	0.010
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):	-16.00
Chande Momentum Oscillator (20):	0.016
Repulse (5,40,3):	0.3660
ROCnROLL:	1
TRIX (15,9):	0.0920
Courbe Coppock:	2.20

MA7:	2.932
MA20:	2.855
MA50:	3.044
MA100:	3.055
MAexp7:	3.050
MAexp20:	3.032
MAexp50:	3.007
MAexp100:	2.987
Price / MA7:	+4.33%
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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