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%
61%
17%
My opinion
Bearish under 3.236 USD
My targets
3.170 USD (-0.35%)
3.042 USD (-4.37%)
My analysis
The bearish basic trend is very strong on NATURAL GAS but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 3.236 USD. Crossing the first support at 3.170 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 3.042 USD as an objective. Crossing it would then enable sellers to target 2.829 USD. Caution, a return to above the resistance located at 3.236 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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Additional analysis
Quotes
The NATURAL GAS rating is 3.181 USD. The price registered a decrease of -1.00% on the session and was traded between 3.171 USD and 3.217 USD over the period. The price is currently at +0.32% from its lowest and -1.12% from its highest.3.171
3.217
3.181
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. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.829 | 3.042 | 3.181 | 3.182 | 3.236 | 3.384 |
| Change (%) | -11.07% | -4.37% | - | +0.03% | +1.73% | +6.38% |
| Change | -0.352 | -0.139 | - | +0.001 | +0.055 | +0.203 |
| Level | Intermediate | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.54 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -3.722 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 3.184 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.262 | |
| Elder Ray (13): | -0.015 | |
| Super Trend (3,10): | 3.147 | |
| Zig ZAG (10): | 3.177 | |
| VORTEX (21): | 1.0430 | |
| Stochastique (14,3,5): | 12.40 | |
| TEMA (21): | 3.183 | |
| Williams %R (14): | -95.65 | |
| Chande Momentum Oscillator (20): | -0.040 | |
| Repulse (5,40,3): | -0.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0430 | |
| Courbe Coppock: | 1.25 |
| MA7: | 3.309 | |
| MA20: | 3.174 | |
| MA50: | 3.212 | |
| MA100: | 3.211 | |
| MAexp7: | 3.186 | |
| MAexp20: | 3.198 | |
| MAexp50: | 3.223 | |
| MAexp100: | 3.257 | |
| Price / MA7: | -3.87% | |
| Price / MA20: | +0.22% | |
| Price / MA50: | -0.97% | |
| Price / MA100: | -0.93% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.53% | |
| Price / MAexp50: | -1.30% | |
| Price / MAexp100: | -2.33% |
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
-
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
-
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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