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 12/10/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 3.089 USD

My targets

3.175 USD (+0.70%)

3.280 USD (+4.03%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on NATURAL GAS as long as the price remains well above 3.089 USD. The buyers' bullish objective is set at 3.175 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.280 USD. If there is any crossing, the next objective would be the resistance located at 3.335 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.5

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

The NATURAL GAS price is 3.153 USD. The price registered a decrease of -0.91% on the session and was between 3.069 USD and 3.189 USD. This implies that the price is at +2.74% from its lowest and at -1.13% from its highest.

3.069

3.189

3.153

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in 1H of this NATURAL GAS chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.977	3.042	3.089	3.153	3.175	3.280	3.335
Change (%)	-5.58%	-3.52%	-2.03%	-	+0.70%	+4.03%	+5.77%
Change	-0.176	-0.111	-0.064	-	+0.022	+0.127	+0.182
Level	Major	Major	Minor	-	Intermediate	Minor	Intermediate

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	2.918	3.027	3.105	3.214	3.292	3.401	3.479
Camarilla	3.131	3.148	3.165	3.182	3.199	3.216	3.233
Woodie	2.902	3.019	3.089	3.206	3.276	3.393	3.463
Fibonacci	3.027	3.099	3.143	3.214	3.286	3.330	3.401

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.640	2.809	2.942	3.111	3.244	3.413	3.546
Camarilla	2.993	3.021	3.048	3.076	3.104	3.131	3.159
Woodie	2.623	2.800	2.925	3.102	3.227	3.404	3.529
Fibonacci	2.809	2.924	2.995	3.111	3.226	3.297	3.413

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):	53.10
MACD (12,26,9):	-0.0140
Directional Movement:	0.996
AROON (14):	-71.429
DEMA (21):	3.120
Parabolic SAR (0,02-0,02-0,2):	3.074
Elder Ray (13):	0.016
Super Trend (3,10):	3.163
Zig ZAG (10):	3.159
VORTEX (21):	0.9070
Stochastique (14,3,5):	60.36
TEMA (21):	3.107
Williams %R (14):	-18.02
Chande Momentum Oscillator (20):	-0.008
Repulse (5,40,3):	1.8180
ROCnROLL:	1
TRIX (15,9):	-0.0730
Courbe Coppock:	3.34

MA7:	3.114
MA20:	3.205
MA50:	3.164
MA100:	3.201
MAexp7:	3.127
MAexp20:	3.137
MAexp50:	3.144
MAexp100:	3.143
Price / MA7:	+1.25%
Price / MA20:	-1.62%
Price / MA50:	-0.35%
Price / MA100:	-1.50%
Price / MAexp7:	+0.83%
Price / MAexp20:	+0.51%
Price / MAexp50:	+0.29%
Price / MAexp100:	+0.32%

Quotes : - 10 min delayed data - NYMEX Futures

News

Don't forget to follow the news on NATURAL GAS. At the time of publication of this analysis, the latest news was as follows:

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

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