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

83%

17%

My opinion

Bullish above 3.095 USD

My targets

3.176 USD (+2.21%)

3.331 USD (+7.22%)

My analysis

The bullish trend is currently very strong on NATURAL GAS. As long as the price remains above the support at 3.095 USD, you could try to benefit from the boom. The first bullish objective is located at 3.176 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.331 USD as an objective. Crossing it would then enable buyers to target 3.504 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

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

NATURAL GAS rating 3.107 USD. On the day, this instrument gained +3.64% with the lowest point at 2.942 USD and the highest point at 3.125 USD. The deviation from the price is +5.61% for the low point and -0.58% for the high point.

2.942

3.125

3.107

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

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

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 this 1H chart of NATURAL GAS indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

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 scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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 setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.020	3.058	3.095	3.107	3.504	3.666	3.831
Change (%)	-2.80%	-1.58%	-0.39%	-	+12.78%	+17.99%	+23.30%
Change	-0.087	-0.049	-0.012	-	+0.397	+0.559	+0.724
Level	Minor	Minor	Minor	-	Intermediate	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation 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):	70.06
MACD (12,26,9):	0.0270
Directional Movement:	15.059
AROON (14):	42.857
DEMA (21):	3.039
Parabolic SAR (0,02-0,02-0,2):	2.949
Elder Ray (13):	0.048
Super Trend (3,10):	2.990
Zig ZAG (10):	3.115
VORTEX (21):	1.2160
Stochastique (14,3,5):	96.17
TEMA (21):	3.061
Williams %R (14):	-5.46
Chande Momentum Oscillator (20):	0.154
Repulse (5,40,3):	3.2170
ROCnROLL:	1
TRIX (15,9):	0.0910
Courbe Coppock:	4.40

MA7:	2.940
MA20:	2.855
MA50:	3.045
MA100:	3.055
MAexp7:	3.052
MAexp20:	3.006
MAexp50:	2.965
MAexp100:	2.927
Price / MA7:	+5.68%
Price / MA20:	+8.83%
Price / MA50:	+2.04%
Price / MA100:	+1.70%
Price / MAexp7:	+1.80%
Price / MAexp20:	+3.36%
Price / MAexp50:	+4.79%
Price / MAexp100:	+6.15%

Quotes : - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on NATURAL GAS at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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