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 : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 3.176 USD

My targets

3.222 USD (+1.29%)

3.331 USD (+4.72%)

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 3.176 USD. The next resistance located at 3.222 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 3.331 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.

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

8.6

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

NATURAL GAS rating 3.181 USD. The price registered an increase of +6.10% on the session and was traded between 2.942 USD and 3.229 USD over the period. The price is currently at +8.12% from its lowest and -1.49% from its highest.

2.942

3.229

3.181

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

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 15 min. chart of NATURAL GAS indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 15 minutes

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 2

Type : Neutral

Timeframe : 15 minutes

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 15 minutes

Doji

Type : Neutral

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.020	3.058	3.095	3.181	3.504	3.666	3.831
Change (%)	-5.06%	-3.87%	-2.70%	-	+10.15%	+15.25%	+20.43%
Change	-0.161	-0.123	-0.086	-	+0.323	+0.485	+0.650
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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	80.73
MACD (12,26,9):	0.0330
Directional Movement:	38.184
AROON (14):	71.429
DEMA (21):	3.182
Parabolic SAR (0,02-0,02-0,2):	3.110
Elder Ray (13):	0.058
Super Trend (3,10):	3.139
Zig ZAG (10):	3.217
VORTEX (21):	1.1970
Stochastique (14,3,5):	90.07
TEMA (21):	3.194
Williams %R (14):	-8.28
Chande Momentum Oscillator (20):	0.119
Repulse (5,40,3):	1.1440
ROCnROLL:	1
TRIX (15,9):	0.1140
Courbe Coppock:	4.44

MA7:	2.946
MA20:	2.861
MA50:	3.047
MA100:	3.057
MAexp7:	3.182
MAexp20:	3.141
MAexp50:	3.091
MAexp100:	3.048
Price / MA7:	+7.98%
Price / MA20:	+11.18%
Price / MA50:	+4.40%
Price / MA100:	+4.06%
Price / MAexp7:	-0.03%
Price / MAexp20:	+1.27%
Price / MAexp50:	+2.91%
Price / MAexp100:	+4.36%

Quotes : - 10 min delayed data - 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:

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

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