NATURAL GAS - 1H - Technical analysis published on 12/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 3.260 USD
My targets
3.175 USD (-1.64%)
3.107 USD (-3.75%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3.260 USD remains possible. It is advisable to trade NATURAL GAS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3.260 USD. The next bearish objective for sellers is set at 3.175 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.107 USD. In case of crossing, the next objective would be the support located at 3.020 USD. PS: if there is a bullish break in the resistance located at 3.260 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.1
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Additional analysis
Quotes
The NATURAL GAS rating is 3.228 USD. The price registered a decrease of -4.01% on the session and was traded between 3.148 USD and 3.279 USD over the period. The price is currently at +2.54% from its lowest and -1.56% from its highest.3.148
3.279
3.228
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NATURAL GAS in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.020 | 3.107 | 3.175 | 3.228 | 3.260 | 3.345 | 3.400 |
| Change (%) | -6.44% | -3.75% | -1.64% | - | +0.99% | +3.62% | +5.33% |
| Change | -0.208 | -0.121 | -0.053 | - | +0.032 | +0.117 | +0.172 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation 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): | 53.98 | |
| MACD (12,26,9): | -0.0160 | |
| Directional Movement: | 11.082 | |
| AROON (14): | 21.428 | |
| DEMA (21): | 3.188 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.155 | |
| Elder Ray (13): | 0.048 | |
| Super Trend (3,10): | 3.147 | |
| Zig ZAG (10): | 3.229 | |
| VORTEX (21): | 0.9970 | |
| Stochastique (14,3,5): | 68.59 | |
| TEMA (21): | 3.184 | |
| Williams %R (14): | -44.28 | |
| Chande Momentum Oscillator (20): | 0.040 | |
| Repulse (5,40,3): | -0.7590 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1230 | |
| Courbe Coppock: | 1.92 |
| MA7: | 3.327 | |
| MA20: | 3.158 | |
| MA50: | 3.218 | |
| MA100: | 3.213 | |
| MAexp7: | 3.207 | |
| MAexp20: | 3.214 | |
| MAexp50: | 3.247 | |
| MAexp100: | 3.280 | |
| Price / MA7: | -2.98% | |
| Price / MA20: | +2.22% | |
| Price / MA50: | +0.31% | |
| Price / MA100: | +0.47% | |
| Price / MAexp7: | +0.65% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -1.59% |
Quotes :
-
10 min delayed data
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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:
-
Natural gas Prices forecast for the week of December 12 2016, Technical Analysis
-
Natural Gas Technical Analysis for December 12 2016 by FXEmpire.com
-
Natural Gas Technical Analysis for December 09 2016 by FXEmpire.com
-
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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