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:
Bearish
Underlying:
Bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 3.264 USD
My targets
3.438 USD (+2.89%)
3.567 USD (+6.77%)
My analysis
With a bullish background trend, the price of NATURAL GAS is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 3.264 USD. A bullish break in the resistance located at 3.438 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 3.567 USD. Then 3.741 USD by extension. It would be safer to wait for a bullish break in the resistance located at 3.438 USD before allowing yourself to re trade long positions (at purchase) on NATURAL GAS. PS: if there is a bearish break in the support located at 3.264 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.1
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Additional analysis
Quotes
NATURAL GAS rating 3.341 USD. On the day, this instrument gained +1.00% and was between 3.331 USD and 3.389 USD. This implies that the price is at +0.30% from its lowest and at -1.42% from its highest.3.331
3.389
3.341
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 15 min. chart of NATURAL GAS indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
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 | 3.341 | 3.428 | 3.479 | 3.559 |
| Change (%) | -5.87% | -2.42% | -0.51% | - | +2.60% | +4.13% | +6.52% |
| Change | -0.196 | -0.081 | -0.017 | - | +0.087 | +0.138 | +0.218 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.832 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.64 | |
| MACD (12,26,9): | -0.0030 | |
| Directional Movement: | 3.169 | |
| AROON (14): | 14.286 | |
| DEMA (21): | 3.346 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.365 | |
| Elder Ray (13): | -0.007 | |
| Super Trend (3,10): | 3.360 | |
| Zig ZAG (10): | 3.344 | |
| VORTEX (21): | 0.7310 | |
| Stochastique (14,3,5): | 27.45 | |
| TEMA (21): | 3.333 | |
| Williams %R (14): | -55.88 | |
| Chande Momentum Oscillator (20): | 0.000 | |
| Repulse (5,40,3): | 0.2540 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0080 | |
| Courbe Coppock: | 0.42 |
| MA7: | 3.306 | |
| MA20: | 3.268 | |
| MA50: | 3.142 | |
| MA100: | 3.210 | |
| MAexp7: | 3.344 | |
| MAexp20: | 3.347 | |
| MAexp50: | 3.331 | |
| MAexp100: | 3.298 | |
| Price / MA7: | +1.06% | |
| Price / MA20: | +2.23% | |
| Price / MA50: | +6.33% | |
| Price / MA100: | +4.08% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +1.30% |
Quotes :
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10 min delayed data
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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:
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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
-
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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