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:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 3.236 USD
My targets
3.170 USD (-0.38%)
3.042 USD (-4.40%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NATURAL GAS as long as the price remains well below 3.236 USD. The next bearish objective for sellers is set at 3.170 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.042 USD. If there is any crossing, the next objective would be the support located at 2.829 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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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 3.182 USD. The price registered a decrease of -0.97% on the session and was traded between 3.178 USD and 3.217 USD over the period. The price is currently at +0.13% from its lowest and -1.09% from its highest.3.178
3.217
3.182
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 1H of this NATURAL GAS chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.829 | 3.042 | 3.182 | 3.182 | 3.236 | 3.384 |
| Change (%) | -11.09% | -4.40% | 0% | - | +1.70% | +6.35% |
| Change | -0.353 | -0.140 | 0 | - | +0.054 | +0.202 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor |
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 | 3.017 | 3.082 | 3.148 | 3.213 | 3.279 | 3.344 | 3.410 |
| Camarilla | 3.177 | 3.189 | 3.201 | 3.213 | 3.225 | 3.237 | 3.249 |
| Woodie | 3.017 | 3.082 | 3.148 | 3.213 | 3.279 | 3.344 | 3.410 |
| 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): | 46.28 | |
| MACD (12,26,9): | -0.0070 | |
| Directional Movement: | 0.419 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 3.193 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.277 | |
| Elder Ray (13): | -0.009 | |
| Super Trend (3,10): | 3.147 | |
| Zig ZAG (10): | 3.193 | |
| VORTEX (21): | 1.0530 | |
| Stochastique (14,3,5): | 22.01 | |
| TEMA (21): | 3.200 | |
| Williams %R (14): | -87.00 | |
| Chande Momentum Oscillator (20): | -0.042 | |
| Repulse (5,40,3): | -0.4670 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0460 | |
| Courbe Coppock: | 0.18 |
| MA7: | 3.309 | |
| MA20: | 3.174 | |
| MA50: | 3.212 | |
| MA100: | 3.211 | |
| MAexp7: | 3.198 | |
| MAexp20: | 3.206 | |
| MAexp50: | 3.230 | |
| MAexp100: | 3.263 | |
| Price / MA7: | -3.84% | |
| Price / MA20: | +0.25% | |
| Price / MA50: | -0.93% | |
| Price / MA100: | -0.90% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | -1.49% | |
| Price / MAexp100: | -2.48% |
Quotes :
-
10 min delayed data
-
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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