NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	NG
ISIN:

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

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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

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 : - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on NATURAL GAS at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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