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 11/21/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 3.331 USD

My targets

3.504 USD (+3.98%)

3.666 USD (+8.78%)

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 3.331 USD. The buyers' bullish objective is set at 3.504 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.666 USD. If there is any crossing, the next objective would be the resistance located at 3.831 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

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 rating is 3.370 USD. On the day, this instrument gained +5.54% with the lowest point at 3.195 USD and the highest point at 3.445 USD. The deviation from the price is +5.48% for the low point and -2.18% for the high point.

3.195

3.445

3.370

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

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:

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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.976	3.095	3.229	3.370	3.504	3.666	3.831
Change (%)	-11.69%	-8.16%	-4.18%	-	+3.98%	+8.78%	+13.68%
Change	-0.394	-0.275	-0.141	-	+0.134	+0.296	+0.461
Level	Intermediate	Major	Intermediate	-	Intermediate	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.716	2.829	3.011	3.124	3.306	3.419	3.601
Camarilla	3.112	3.139	3.166	3.193	3.220	3.247	3.274
Woodie	2.751	2.846	3.046	3.141	3.341	3.436	3.636
Fibonacci	2.829	2.942	3.011	3.124	3.237	3.306	3.419

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):	81.52
MACD (12,26,9):	0.0830
Directional Movement:	31.445
AROON (14):	100.000
DEMA (21):	3.406
Parabolic SAR (0,02-0,02-0,2):	3.361
Elder Ray (13):	0.080
Super Trend (3,10):	3.294
Zig ZAG (10):	3.407
VORTEX (21):	1.3250
Stochastique (14,3,5):	87.56
TEMA (21):	3.431
Williams %R (14):	-11.39
Chande Momentum Oscillator (20):	0.162
Repulse (5,40,3):	1.1610
ROCnROLL:	1
TRIX (15,9):	0.3510
Courbe Coppock:	10.91

MA7:	3.021
MA20:	2.878
MA50:	3.053
MA100:	3.057
MAexp7:	3.377
MAexp20:	3.299
MAexp50:	3.170
MAexp100:	3.064
Price / MA7:	+11.55%
Price / MA20:	+17.10%
Price / MA50:	+10.38%
Price / MA100:	+10.24%
Price / MAexp7:	-0.21%
Price / MAexp20:	+2.15%
Price / MAexp50:	+6.31%
Price / MAexp100:	+9.99%

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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