NATURAL GAS - Daily - Technical analysis published on 12/18/2024 (GMT)
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- Timeframe : Daily
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above
My targets
()
()
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on NATURAL GAS as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
0
10
6.3
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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 3.346 USD. The price has increased by +1.15% since the last closing and was traded between 3.331 USD and 3.389 USD over the period. The price is currently at +0.45% from its lowest and -1.27% from its highest.3.331
3.389
3.346
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 this Daily chart of NATURAL GAS indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.829 | 3.042 | 3.260 | 3.346 | 3.479 | 3.669 | 4.186 |
| Change (%) | -15.45% | -9.09% | -2.57% | - | +3.97% | +9.65% | +25.10% |
| Change | -0.517 | -0.304 | -0.086 | - | +0.133 | +0.323 | +0.840 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.05 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 10.226 | |
| AROON (14): | 42.858 | |
| DEMA (21): | 3.288 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.072 | |
| Elder Ray (13): | 0.098 | |
| Super Trend (3,10): | 2.927 | |
| Zig ZAG (10): | 3.350 | |
| VORTEX (21): | 0.9910 | |
| Stochastique (14,3,5): | 53.84 | |
| TEMA (21): | 3.319 | |
| Williams %R (14): | -36.08 | |
| Chande Momentum Oscillator (20): | 0.136 | |
| Repulse (5,40,3): | 1.4340 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1510 | |
| Courbe Coppock: | 0.07 |
| MA7: | 3.308 | |
| MA20: | 3.268 | |
| MA50: | 3.142 | |
| MA100: | 3.210 | |
| MAexp7: | 3.293 | |
| MAexp20: | 3.240 | |
| MAexp50: | 3.213 | |
| MAexp100: | 3.279 | |
| Price / MA7: | +1.15% | |
| Price / MA20: | +2.39% | |
| Price / MA50: | +6.49% | |
| Price / MA100: | +4.24% | |
| Price / MAexp7: | +1.61% | |
| Price / MAexp20: | +3.27% | |
| Price / MAexp50: | +4.14% | |
| Price / MAexp100: | +2.04% |
Quotes :
-
10 min delayed data
-
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
-
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.
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