NATURAL GAS - 15 min. - Technical analysis published on 11/20/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.999 USD
My targets
3.140 USD (+0.71%)
3.222 USD (+3.34%)
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 2.999 USD. The next resistance located at 3.140 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 3.222 USD. After this resistance, buyers could then target 3.504 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.
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
0
10
8.9
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Additional analysis
Quotes
NATURAL GAS rating 3.118 USD. The price registered an increase of +4.00% on the session and was traded between 2.942 USD and 3.125 USD over the period. The price is currently at +5.98% from its lowest and -0.22% from its highest.2.942
3.125
3.118
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:
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, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.020 | 3.058 | 3.095 | 3.118 | 3.504 | 3.666 | 3.831 |
| Change (%) | -3.14% | -1.92% | -0.74% | - | +12.38% | +17.58% | +22.87% |
| Change | -0.098 | -0.060 | -0.023 | - | +0.386 | +0.548 | +0.713 |
| Level | Minor | Minor | Minor | - | Intermediate | Minor | 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): | 69.36 | |
| MACD (12,26,9): | 0.0180 | |
| Directional Movement: | 25.772 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 3.061 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.033 | |
| Elder Ray (13): | 0.011 | |
| Super Trend (3,10): | 3.028 | |
| Zig ZAG (10): | 3.059 | |
| VORTEX (21): | 1.3890 | |
| Stochastique (14,3,5): | 86.58 | |
| TEMA (21): | 3.069 | |
| Williams %R (14): | -10.35 | |
| Chande Momentum Oscillator (20): | 0.018 | |
| Repulse (5,40,3): | 0.1330 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0920 | |
| Courbe Coppock: | 1.38 |
| MA7: | 2.934 | |
| MA20: | 2.855 | |
| MA50: | 3.045 | |
| MA100: | 3.055 | |
| MAexp7: | 3.057 | |
| MAexp20: | 3.037 | |
| MAexp50: | 3.011 | |
| MAexp100: | 2.990 | |
| Price / MA7: | +6.27% | |
| Price / MA20: | +9.21% | |
| Price / MA50: | +2.40% | |
| Price / MA100: | +2.06% | |
| Price / MAexp7: | +2.00% | |
| Price / MAexp20: | +2.67% | |
| Price / MAexp50: | +3.55% | |
| Price / MAexp100: | +4.28% |
Quotes :
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10 min delayed data
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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:
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Natural gas Prices forecast for the week of December 12 2016, Technical Analysis
-
Natural Gas Technical Analysis for December 12 2016 by FXEmpire.com
-
Natural Gas Technical Analysis for December 09 2016 by FXEmpire.com
-
Natural Gas Technical Analysis for December 08 2016 by FXEmpire.com
-
Natural Gas Technical Analysis for December 07 2016 by FXEmpire.com
This member declared not having a position on this financial instrument or a related financial instrument.
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