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 12/11/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 3.217 USD

My targets

3.280 USD (+0.86%)

3.335 USD (+2.55%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NATURAL GAS as long as the price remains well above 3.217 USD. The buyers' bullish objective is set at 3.280 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.335 USD. If there is any crossing, the next objective would be the resistance located at 3.384 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

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

Additional analysis

Quotes

NATURAL GAS rating 3.252 USD. The price registered an increase of +2.81% on the session and was traded between 3.181 USD and 3.253 USD over the period. The price is currently at +2.23% from its lowest and -0.03% from its highest.

3.181

3.253

3.252

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.110	3.155	3.217	3.252	3.280	3.335	3.384
Change (%)	-4.37%	-2.98%	-1.08%	-	+0.86%	+2.55%	+4.06%
Change	-0.142	-0.097	-0.035	-	+0.028	+0.083	+0.132
Level	Minor	Intermediate	Minor	-	Minor	Intermediate	Intermediate

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	70.22
MACD (12,26,9):	0.0200
Directional Movement:	17.922
AROON (14):	100.000
DEMA (21):	3.216
Parabolic SAR (0,02-0,02-0,2):	3.201
Elder Ray (13):	0.032
Super Trend (3,10):	3.174
Zig ZAG (10):	3.244
VORTEX (21):	1.2820
Stochastique (14,3,5):	92.53
TEMA (21):	3.232
Williams %R (14):	-2.90
Chande Momentum Oscillator (20):	0.055
Repulse (5,40,3):	1.1180
ROCnROLL:	1
TRIX (15,9):	0.0570
Courbe Coppock:	4.49

MA7:	3.119
MA20:	3.210
MA50:	3.157
MA100:	3.200
MAexp7:	3.220
MAexp20:	3.193
MAexp50:	3.172
MAexp100:	3.159
Price / MA7:	+4.26%
Price / MA20:	+1.31%
Price / MA50:	+3.01%
Price / MA100:	+1.63%
Price / MAexp7:	+0.99%
Price / MAexp20:	+1.85%
Price / MAexp50:	+2.52%
Price / MAexp100:	+2.94%

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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