NATURAL GAS
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 11/29/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 3.261 USD
My targets
3.347 USD (+0.93%)
3.399 USD (+2.50%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 3.261 USD remains possible. It is advisable to trade NATURAL GAS with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3.261 USD. The next bullish objective for buyers is set at 3.347 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.399 USD. If there is any crossing, the next objective would be the resistance located at 3.485 USD. PS: if there is a bearish break in the support located at 3.261 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.9

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 ciaciocoin. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The NATURAL GAS rating is 3.316 USD. On the day, this instrument gained +3.50% with the lowest point at 3.270 USD and the highest point at 3.347 USD. The deviation from the price is +1.41% for the low point and -0.93% for the high point.

3.270
3.347
3.316

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of NATURAL GAS in 15 min. shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 15 minutes



In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3.107 3.175 3.260 3.316 3.400 3.567 3.669
Change (%) -6.30% -4.25% -1.69% - +2.53% +7.57% +10.65%
Change -0.209 -0.141 -0.056 - +0.084 +0.251 +0.353
Level Minor Intermediate Major - Intermediate Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.0713.1233.2093.2613.3473.3993.485
Camarilla3.2573.2703.2823.2953.3083.3203.333
Woodie3.0883.1323.2263.2703.3643.4083.502
Fibonacci3.1233.1763.2083.2613.3143.3463.399


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.2202.6092.9513.3403.6824.0714.413
Camarilla3.0933.1603.2273.2943.3613.4283.495
Woodie2.1982.5972.9293.3283.6604.0594.391
Fibonacci2.6092.8883.0603.3403.6193.7914.071


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.5882.1932.5103.1153.4324.0374.354
Camarilla2.5752.6592.7442.8282.9132.9973.082
Woodie1.4452.1212.3673.0433.2893.9654.211
Fibonacci2.1932.5452.7633.1153.4673.6854.037

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 46.56
MACD (12,26,9): 0.0010
Directional Movement: -6.774
AROON (14): -57.143
DEMA (21): 3.318
Parabolic SAR (0,02-0,02-0,2): 3.345
Elder Ray (13): -0.006
Super Trend (3,10): 3.299
Zig ZAG (10): 3.312
VORTEX (21): 1.0500
Stochastique (14,3,5): 12.88
TEMA (21): 3.313
Williams %R (14): -77.27
Chande Momentum Oscillator (20): -0.019
Repulse (5,40,3): 0.0520
ROCnROLL: -1
TRIX (15,9): 0.0180
Courbe Coppock: 0.63
MA7: 3.361
MA20: 3.140
MA50: 3.223
MA100: 3.213
MAexp7: 3.314
MAexp20: 3.314
MAexp50: 3.303
MAexp100: 3.289
Price / MA7: -1.34%
Price / MA20: +5.61%
Price / MA50: +2.89%
Price / MA100: +3.21%
Price / MAexp7: +0.06%
Price / MAexp20: +0.06%
Price / MAexp50: +0.39%
Price / MAexp100: +0.82%

Quotes : - 10 min delayed data - NYMEX Futures

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

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