NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	NG
ISIN:

NATURAL GAS - Weekly - Technical analysis published on 12/11/2024 (GMT)

Timeframe : Weekly
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Neutral

Underlying: Strongly bearish

Technical indicators

50%

44%

My opinion

Bearish under

My targets

()

My analysis

The basic trend is very bearish on NATURAL GAS but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on NATURAL GAS. As long as you stay below the resistance , sellers' retain the upper hand. A break in the support at would be a signal that the basic trend will reverse. If the price were to depress the resistance in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

2.9

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 Nira. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NATURAL GAS rating 3.218 USD. Over 5 days, this instrument gained +5.75% with the lowest point at 3.069 USD and the highest point at 3.324 USD. The deviation from the price is +4.86% for the low point and -3.19% for the high point.

3.069

3.324

3.218

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

Technical

Technical analysis of this Weekly chart of NATURAL GAS indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Weekly

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Weekly

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

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

Price

	S1	Price	R1	R2	R3
ProTrendLines	3.042	3.218	5.460	6.559	10.809
Change (%)	-5.47%	-	+69.67%	+103.82%	+235.89%
Change	-0.176	-	+2.242	+3.341	+7.591
Level	Major	-	Minor	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.966	3.018	3.090	3.142	3.214	3.266	3.338
Camarilla	3.129	3.140	3.152	3.163	3.174	3.186	3.197
Woodie	2.977	3.023	3.101	3.147	3.225	3.271	3.349
Fibonacci	3.018	3.065	3.094	3.142	3.189	3.218	3.266

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	47.51
MACD (12,26,9):	-0.1360
Directional Movement:	0.250
AROON (14):	14.285
DEMA (21):	3.052
Parabolic SAR (0,02-0,02-0,2):	2.741
Elder Ray (13):	0.005
Super Trend (3,10):	3.726
Zig ZAG (10):	3.221
VORTEX (21):	0.9540
Stochastique (14,3,5):	51.61
TEMA (21):	3.114
Williams %R (14):	-48.43
Chande Momentum Oscillator (20):	-0.150
Repulse (5,40,3):	-5.3600
ROCnROLL:	-1
TRIX (15,9):	-0.6850
Courbe Coppock:	5.88

MA7:	3.114
MA20:	3.209
MA50:	3.156
MA100:	3.200
MAexp7:	3.168
MAexp20:	3.254
MAexp50:	3.685
MAexp100:	4.596
Price / MA7:	+3.34%
Price / MA20:	+0.28%
Price / MA50:	+1.96%
Price / MA100:	+0.56%
Price / MAexp7:	+1.58%
Price / MAexp20:	-1.11%
Price / MAexp50:	-12.67%
Price / MAexp100:	-29.98%

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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