NATURAL GAS - 15 min. - Technical analysis published on 12/18/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 3.303 USD
My targets
3.438 USD (+2.37%)
3.567 USD (+6.23%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NATURAL GAS. As long as you are above the support located at 3.303 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 3.438 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 3.567 USD as an objective. Crossing it would then enable buyers to target 3.741 USD. If the support 3.303 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.6
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Additional analysis
Quotes
The NATURAL GAS price is 3.358 USD. On the day, this instrument gained +1.51% and was between 3.331 USD and 3.389 USD. This implies that the price is at +0.81% from its lowest and at -0.91% from its highest.3.331
3.389
3.358
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 15 min. of this NATURAL GAS chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 harami cross
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.145 | 3.260 | 3.324 | 3.358 | 3.428 | 3.479 | 3.559 |
| Change (%) | -6.34% | -2.92% | -1.01% | - | +2.08% | +3.60% | +5.99% |
| Change | -0.213 | -0.098 | -0.034 | - | +0.070 | +0.121 | +0.201 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | 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 | 2.832 | 2.961 | 3.135 | 3.264 | 3.438 | 3.567 | 3.741 |
| Camarilla | 3.225 | 3.253 | 3.280 | 3.308 | 3.336 | 3.364 | 3.391 |
| Woodie | 2.854 | 2.972 | 3.157 | 3.275 | 3.460 | 3.578 | 3.763 |
| Fibonacci | 2.961 | 3.077 | 3.149 | 3.264 | 3.380 | 3.452 | 3.567 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.45 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -5.165 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 3.356 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.365 | |
| Elder Ray (13): | -0.005 | |
| Super Trend (3,10): | 3.360 | |
| Zig ZAG (10): | 3.347 | |
| VORTEX (21): | 0.7460 | |
| Stochastique (14,3,5): | 35.85 | |
| TEMA (21): | 3.338 | |
| Williams %R (14): | -51.35 | |
| Chande Momentum Oscillator (20): | -0.002 | |
| Repulse (5,40,3): | -0.0730 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0120 | |
| Courbe Coppock: | 1.57 |
| MA7: | 3.308 | |
| MA20: | 3.268 | |
| MA50: | 3.142 | |
| MA100: | 3.210 | |
| MAexp7: | 3.347 | |
| MAexp20: | 3.352 | |
| MAexp50: | 3.328 | |
| MAexp100: | 3.293 | |
| Price / MA7: | +1.51% | |
| Price / MA20: | +2.75% | |
| Price / MA50: | +6.87% | |
| Price / MA100: | +4.61% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.90% | |
| Price / MAexp100: | +1.97% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
The last news published on NATURAL GAS at the time of the generation of this analysis was as follows:
-
Natural gas Prices forecast for the week of December 12 2016, Technical Analysis
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Natural Gas Technical Analysis for December 12 2016 by FXEmpire.com
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Natural Gas Technical Analysis for December 09 2016 by FXEmpire.com
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Natural Gas Technical Analysis for December 08 2016 by FXEmpire.com
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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.
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