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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 3.170 USD
My targets
3.042 USD (-0.78%)
2.977 USD (-2.90%)
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 3.170 USD. The sellers' bearish objective is set at 3.042 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.977 USD. In case of crossing, the next objective would be the support located at 2.829 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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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 3.066 USD. The price is lower by -4.58% since the last closing with the lowest point at 3.064 USD and the highest point at 3.217 USD. The deviation from the price is +0.07% for the low point and -4.69% for the high point.3.064
3.217
3.066
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of NATURAL GAS indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
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
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 2.829 | 3.042 | 3.066 | 3.182 | 3.236 | 3.384 |
Change (%) | -7.73% | -0.78% | - | +3.78% | +5.54% | +10.37% |
Change | -0.237 | -0.024 | - | +0.116 | +0.170 | +0.318 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 25.74 | |
MACD (12,26,9): | -0.0330 | |
Directional Movement: | -23.488 | |
AROON (14): | -78.571 | |
DEMA (21): | 3.108 | |
Parabolic SAR (0,02-0,02-0,2): | 3.162 | |
Elder Ray (13): | -0.055 | |
Super Trend (3,10): | 3.158 | |
Zig ZAG (10): | 3.073 | |
VORTEX (21): | 0.7450 | |
Stochastique (14,3,5): | 9.37 | |
TEMA (21): | 3.091 | |
Williams %R (14): | -94.12 | |
Chande Momentum Oscillator (20): | -0.123 | |
Repulse (5,40,3): | -1.2500 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0970 | |
Courbe Coppock: | 5.92 |
MA7: | 3.294 | |
MA20: | 3.168 | |
MA50: | 3.209 | |
MA100: | 3.210 | |
MAexp7: | 3.104 | |
MAexp20: | 3.148 | |
MAexp50: | 3.192 | |
MAexp100: | 3.236 | |
Price / MA7: | -6.92% | |
Price / MA20: | -3.22% | |
Price / MA50: | -4.46% | |
Price / MA100: | -4.49% | |
Price / MAexp7: | -1.19% | |
Price / MAexp20: | -2.57% | |
Price / MAexp50: | -3.92% | |
Price / MAexp100: | -5.22% |
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:
-
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
-
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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