NATURAL GAS - 1H - Technical analysis published on 12/03/2024 (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
44%
11%
44%
My opinion
Bearish under 3.236 USD
My targets
3.182 USD (-0.84%)
3.042 USD (-5.20%)
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 3.236 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 3.236 USD. The next bearish objective for sellers is set at 3.182 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.042 USD. In case of crossing, the next objective would be the support located at 2.829 USD. PS: if there is a bullish break in the resistance located at 3.236 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.4
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This analysis was given by ciaciocoin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NATURAL GAS rating 3.209 USD. The price registered a decrease of -0.12% on the session with the lowest point at 3.192 USD and the highest point at 3.217 USD. The deviation from the price is +0.53% for the low point and -0.25% for the high point.3.192
3.217
3.209
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of NATURAL GAS indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.829 | 3.042 | 3.182 | 3.209 | 3.236 | 3.384 | 3.479 |
| Change (%) | -11.84% | -5.20% | -0.84% | - | +0.84% | +5.45% | +8.41% |
| Change | -0.380 | -0.167 | -0.027 | - | +0.027 | +0.175 | +0.270 |
| Level | Intermediate | Major | Intermediate | - | Minor | 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 | 3.016 | 3.082 | 3.147 | 3.213 | 3.278 | 3.344 | 3.409 |
| Camarilla | 3.176 | 3.188 | 3.200 | 3.212 | 3.224 | 3.236 | 3.248 |
| Woodie | 3.016 | 3.082 | 3.147 | 3.213 | 3.278 | 3.344 | 3.409 |
| Fibonacci | 3.082 | 3.132 | 3.163 | 3.213 | 3.263 | 3.294 | 3.344 |
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): | 50.89 | |
| MACD (12,26,9): | -0.0080 | |
| Directional Movement: | 3.128 | |
| AROON (14): | 21.429 | |
| DEMA (21): | 3.193 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.195 | |
| Elder Ray (13): | 0.005 | |
| Super Trend (3,10): | 3.147 | |
| Zig ZAG (10): | 3.214 | |
| VORTEX (21): | 1.0760 | |
| Stochastique (14,3,5): | 43.34 | |
| TEMA (21): | 3.205 | |
| Williams %R (14): | -62.75 | |
| Chande Momentum Oscillator (20): | -0.031 | |
| Repulse (5,40,3): | 0.3150 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0540 | |
| Courbe Coppock: | 1.51 |
| MA7: | 3.314 | |
| MA20: | 3.175 | |
| MA50: | 3.212 | |
| MA100: | 3.212 | |
| MAexp7: | 3.207 | |
| MAexp20: | 3.207 | |
| MAexp50: | 3.232 | |
| MAexp100: | 3.266 | |
| Price / MA7: | -3.17% | |
| Price / MA20: | +1.07% | |
| Price / MA50: | -0.09% | |
| Price / MA100: | -0.09% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.71% | |
| Price / MAexp100: | -1.75% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
The last news published on NATURAL GAS at the time of the generation of this analysis 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
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Natural Gas Technical Analysis for December 09 2016 by FXEmpire.com
-
Natural Gas Technical Analysis for December 08 2016 by FXEmpire.com
-
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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