NATURAL GAS - Weekly - Technical analysis published on 12/16/2024 (GMT)
- 136
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 3.834 USD
My targets
3.042 USD (-5.65%)
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 3.834 USD, sellers' retain the upper hand. A break in the support at 3.042 USD would be a signal that the basic trend will reverse. If the price were to depress the resistance 3.834 USD 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.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.4
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 price is 3.224 USD. Over 5 days, this instrument gained +1.32% with the lowest point at 3.145 USD and the highest point at 3.559 USD. The deviation from the price is +2.51% for the low point and -9.41% for the high point.3.145
3.559
3.224
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NATURAL GAS in Weekly shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Weekly
The probability of a further increase is slight given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.042 | 3.224 | 5.460 | 6.559 | 10.809 |
| Change (%) | -5.65% | - | +69.35% | +103.44% | +235.27% |
| Change | -0.182 | - | +2.236 | +3.335 | +7.585 |
| Level | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.975 | 3.119 | 3.200 | 3.344 | 3.425 | 3.569 | 3.650 |
| Camarilla | 3.218 | 3.239 | 3.259 | 3.280 | 3.301 | 3.321 | 3.342 |
| Woodie | 2.943 | 3.103 | 3.168 | 3.328 | 3.393 | 3.553 | 3.618 |
| Fibonacci | 3.119 | 3.205 | 3.258 | 3.344 | 3.430 | 3.483 | 3.569 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.556 | 2.813 | 3.046 | 3.303 | 3.536 | 3.793 | 4.026 |
| Camarilla | 3.145 | 3.190 | 3.235 | 3.280 | 3.325 | 3.370 | 3.415 |
| Woodie | 2.545 | 2.807 | 3.035 | 3.297 | 3.525 | 3.787 | 4.015 |
| Fibonacci | 2.813 | 3.000 | 3.116 | 3.303 | 3.490 | 3.606 | 3.793 |
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): | 47.62 | |
| MACD (12,26,9): | -0.1190 | |
| Directional Movement: | 4.900 | |
| AROON (14): | 14.286 | |
| DEMA (21): | 3.073 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.760 | |
| Elder Ray (13): | -0.005 | |
| Super Trend (3,10): | 3.726 | |
| Zig ZAG (10): | 3.222 | |
| VORTEX (21): | 0.9650 | |
| Stochastique (14,3,5): | 49.00 | |
| TEMA (21): | 3.148 | |
| Williams %R (14): | -48.05 | |
| Chande Momentum Oscillator (20): | -0.378 | |
| Repulse (5,40,3): | -2.9140 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6480 | |
| Courbe Coppock: | 5.81 |
| MA7: | 3.251 | |
| MA20: | 3.261 | |
| MA50: | 3.145 | |
| MA100: | 3.207 | |
| MAexp7: | 3.194 | |
| MAexp20: | 3.256 | |
| MAexp50: | 3.670 | |
| MAexp100: | 4.570 | |
| Price / MA7: | -0.83% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | +2.51% | |
| Price / MA100: | +0.53% | |
| Price / MAexp7: | +0.94% | |
| Price / MAexp20: | -0.98% | |
| Price / MAexp50: | -12.15% | |
| Price / MAexp100: | -29.45% |
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:
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NATURAL GAS - Weekly