NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	NG
ISIN:

NATURAL GAS - Daily - Technical analysis published on 12/13/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 3.257 USD

My targets

3.335 USD (+1.09%)

3.479 USD (+5.46%)

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 3.257 USD. The buyers' bullish objective is set at 3.335 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.479 USD. If there is any crossing, the next objective would be the resistance located at 3.669 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.7

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

Additional analysis

Quotes

The NATURAL GAS rating is 3.299 USD. The price is lower by -4.52% since the last closing with the lowest point at 3.294 USD and the highest point at 3.489 USD. The deviation from the price is +0.15% for the low point and -5.45% for the high point.

3.294

3.489

3.299

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 NATURAL GAS in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	2.829	3.042	3.299	3.335	3.479	3.669
Change (%)	-14.25%	-7.79%	-	+1.09%	+5.46%	+11.22%
Change	-0.470	-0.257	-	+0.036	+0.180	+0.370
Level	Intermediate	Major	-	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	3.028	3.155	3.305	3.432	3.582	3.709	3.859
Camarilla	3.379	3.404	3.430	3.455	3.480	3.506	3.531
Woodie	3.040	3.161	3.317	3.438	3.594	3.715	3.871
Fibonacci	3.155	3.261	3.326	3.432	3.538	3.603	3.709

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):	53.85
MACD (12,26,9):	0.0390
Directional Movement:	12.014
AROON (14):	-50.000
DEMA (21):	3.268
Parabolic SAR (0,02-0,02-0,2):	3.008
Elder Ray (13):	0.150
Super Trend (3,10):	2.927
Zig ZAG (10):	3.312
VORTEX (21):	1.0230
Stochastique (14,3,5):	63.81
TEMA (21):	3.305
Williams %R (14):	-42.10
Chande Momentum Oscillator (20):	0.110
Repulse (5,40,3):	-1.5250
ROCnROLL:	1
TRIX (15,9):	0.1310
Courbe Coppock:	3.20

MA7:	3.235
MA20:	3.259
MA50:	3.150
MA100:	3.206
MAexp7:	3.280
MAexp20:	3.223
MAexp50:	3.204
MAexp100:	3.279
Price / MA7:	+1.98%
Price / MA20:	+1.23%
Price / MA50:	+4.73%
Price / MA100:	+2.90%
Price / MAexp7:	+0.58%
Price / MAexp20:	+2.36%
Price / MAexp50:	+2.97%
Price / MAexp100:	+0.61%

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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