NATURAL GAS - 15 min. - Technical analysis published on 12/02/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 3.180 USD
My targets
3.257 USD (+0.92%)
3.339 USD (+3.47%)
My analysis
NATURAL GAS is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 3.180 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 3.257 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 3.339 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 3.408 USD. Beware of a possible return to under the support located at 3.180 USD which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5
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Additional analysis
Quotes
The NATURAL GAS rating is 3.227 USD. The price registered a decrease of -4.04% on the session and was between 3.148 USD and 3.250 USD. This implies that the price is at +2.51% from its lowest and at -0.71% from its highest.3.148
3.250
3.227
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
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:
Technical
A technical analysis in 15 min. of this NATURAL GAS chart shows a slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.020 | 3.107 | 3.175 | 3.227 | 3.260 | 3.345 | 3.400 |
| Change (%) | -6.41% | -3.72% | -1.61% | - | +1.02% | +3.66% | +5.36% |
| Change | -0.207 | -0.120 | -0.052 | - | +0.033 | +0.118 | +0.173 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Intermediate |
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 | 3.180 | 3.225 | 3.294 | 3.339 | 3.408 | 3.453 | 3.522 |
| Camarilla | 3.332 | 3.342 | 3.353 | 3.363 | 3.374 | 3.384 | 3.394 |
| Woodie | 3.192 | 3.231 | 3.306 | 3.345 | 3.420 | 3.459 | 3.534 |
| Fibonacci | 3.225 | 3.269 | 3.296 | 3.339 | 3.383 | 3.410 | 3.453 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.779 | 2.977 | 3.170 | 3.368 | 3.561 | 3.759 | 3.952 |
| Camarilla | 3.256 | 3.291 | 3.327 | 3.363 | 3.399 | 3.435 | 3.471 |
| Woodie | 2.777 | 2.976 | 3.168 | 3.367 | 3.559 | 3.758 | 3.950 |
| Fibonacci | 2.977 | 3.126 | 3.219 | 3.368 | 3.517 | 3.610 | 3.759 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.736 | 2.208 | 2.785 | 3.257 | 3.834 | 4.306 | 4.883 |
| Camarilla | 3.075 | 3.171 | 3.267 | 3.363 | 3.459 | 3.555 | 3.652 |
| Woodie | 1.790 | 2.234 | 2.839 | 3.283 | 3.888 | 4.332 | 4.937 |
| Fibonacci | 2.208 | 2.608 | 2.856 | 3.257 | 3.657 | 3.905 | 4.306 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 71.06 | |
| MACD (12,26,9): | 0.0060 | |
| Directional Movement: | 16.696 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 3.183 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.156 | |
| Elder Ray (13): | 0.031 | |
| Super Trend (3,10): | 3.162 | |
| Zig ZAG (10): | 3.222 | |
| VORTEX (21): | 1.1280 | |
| Stochastique (14,3,5): | 91.24 | |
| TEMA (21): | 3.206 | |
| Williams %R (14): | -2.60 | |
| Chande Momentum Oscillator (20): | 0.052 | |
| Repulse (5,40,3): | 1.1420 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0080 | |
| Courbe Coppock: | 1.89 |
| MA7: | 3.327 | |
| MA20: | 3.156 | |
| MA50: | 3.217 | |
| MA100: | 3.213 | |
| MAexp7: | 3.200 | |
| MAexp20: | 3.177 | |
| MAexp50: | 3.187 | |
| MAexp100: | 3.213 | |
| Price / MA7: | -3.01% | |
| Price / MA20: | +2.25% | |
| Price / MA50: | +0.31% | |
| Price / MA100: | +0.44% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | +1.57% | |
| Price / MAexp50: | +1.26% | |
| Price / MAexp100: | +0.44% |
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.
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