NATURAL GAS - 1H - Technical analysis published on 12/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 3.170 USD
My targets
3.042 USD (-0.49%)
2.977 USD (-2.62%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NATURAL GAS. As long as you are under the resistance located at 3.170 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 3.042 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2.977 USD as an objective. Crossing it would then enable sellers to target 2.829 USD. If the resistance 3.170 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.9
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.
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Additional analysis
Quotes
The NATURAL GAS rating is 3.057 USD. On the day, this instrument lost -0.72% and was between 3.004 USD and 3.092 USD. This implies that the price is at +1.76% from its lowest and at -1.13% from its highest.3.004
3.092
3.057
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NATURAL GAS:
Technical
Technical analysis of NATURAL GAS in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.829 | 2.977 | 3.042 | 3.057 | 3.175 | 3.280 | 3.335 |
| Change (%) | -7.46% | -2.62% | -0.49% | - | +3.86% | +7.29% | +9.09% |
| Change | -0.228 | -0.080 | -0.015 | - | +0.118 | +0.223 | +0.278 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.904 | 2.970 | 3.024 | 3.090 | 3.144 | 3.210 | 3.264 |
| Camarilla | 3.046 | 3.057 | 3.068 | 3.079 | 3.090 | 3.101 | 3.112 |
| Woodie | 2.899 | 2.967 | 3.019 | 3.087 | 3.139 | 3.207 | 3.259 |
| Fibonacci | 2.970 | 3.016 | 3.044 | 3.090 | 3.136 | 3.164 | 3.210 |
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): | 49.92 | |
| MACD (12,26,9): | -0.0110 | |
| Directional Movement: | -2.795 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 3.041 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.005 | |
| Elder Ray (13): | 0.003 | |
| Super Trend (3,10): | 3.077 | |
| Zig ZAG (10): | 3.059 | |
| VORTEX (21): | 0.9380 | |
| Stochastique (14,3,5): | 49.24 | |
| TEMA (21): | 3.033 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | -0.018 | |
| Repulse (5,40,3): | 0.8790 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0430 | |
| Courbe Coppock: | 2.90 |
| MA7: | 3.156 | |
| MA20: | 3.195 | |
| MA50: | 3.181 | |
| MA100: | 3.204 | |
| MAexp7: | 3.042 | |
| MAexp20: | 3.053 | |
| MAexp50: | 3.069 | |
| MAexp100: | 3.109 | |
| Price / MA7: | -3.14% | |
| Price / MA20: | -4.32% | |
| Price / MA50: | -3.90% | |
| Price / MA100: | -4.59% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | -0.39% | |
| Price / MAexp100: | -1.67% |
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
-
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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