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
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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.
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 3.071 | 3.123 | 3.209 | 3.261 | 3.347 | 3.399 | 3.485 |
Camarilla | 3.257 | 3.270 | 3.282 | 3.295 | 3.308 | 3.320 | 3.333 |
Woodie | 3.088 | 3.132 | 3.226 | 3.270 | 3.364 | 3.408 | 3.502 |
Fibonacci | 3.123 | 3.176 | 3.208 | 3.261 | 3.314 | 3.346 | 3.399 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.220 | 2.609 | 2.951 | 3.340 | 3.682 | 4.071 | 4.413 |
Camarilla | 3.093 | 3.160 | 3.227 | 3.294 | 3.361 | 3.428 | 3.495 |
Woodie | 2.198 | 2.597 | 2.929 | 3.328 | 3.660 | 4.059 | 4.391 |
Fibonacci | 2.609 | 2.888 | 3.060 | 3.340 | 3.619 | 3.791 | 4.071 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.588 | 2.193 | 2.510 | 3.115 | 3.432 | 4.037 | 4.354 |
Camarilla | 2.575 | 2.659 | 2.744 | 2.828 | 2.913 | 2.997 | 3.082 |
Woodie | 1.445 | 2.121 | 2.367 | 3.043 | 3.289 | 3.965 | 4.211 |
Fibonacci | 2.193 | 2.545 | 2.763 | 3.115 | 3.467 | 3.685 | 4.037 |
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 :
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10 min delayed data
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NYMEX Futures
News
The latest news and videos published on NATURAL GAS at the time of the analysis were as follows:
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Natural gas Prices forecast for the week of December 12 2016, Technical Analysis
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Natural Gas Technical Analysis for December 12 2016 by FXEmpire.com
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Natural Gas Technical Analysis for December 09 2016 by FXEmpire.com
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Natural Gas Technical Analysis for December 08 2016 by FXEmpire.com
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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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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