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
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 3.264 USD
My targets
3.438 USD (+2.77%)
3.567 USD (+6.65%)
My analysis
A bullish trend on NATURAL GAS both in substance and in the short term. A purchase could be considered as long as the price remains above 3.264 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 3.438 USD. Then the price could move towards 3.567 USD. Then 3.741 USD by extension. Be careful, a return below 3.264 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
4.3
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Additional analysis
Quotes
NATURAL GAS rating 3.345 USD. The price has increased by +1.12% since the last closing and was traded between 3.312 USD and 3.389 USD over the period. The price is currently at +1.00% from its lowest and -1.30% from its highest.3.312
3.389
3.345
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
A technical analysis in 15 min. of this NATURAL GAS chart shows a bullish trend. 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 is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
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 | 3.345 | 3.428 | 3.479 | 3.559 |
| Change (%) | -5.98% | -2.54% | -0.63% | - | +2.48% | +4.01% | +6.40% |
| Change | -0.200 | -0.085 | -0.021 | - | +0.083 | +0.134 | +0.214 |
| 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): | 51.13 | |
| MACD (12,26,9): | -0.0050 | |
| Directional Movement: | -0.826 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 3.326 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.340 | |
| Elder Ray (13): | 0.004 | |
| Super Trend (3,10): | 3.350 | |
| Zig ZAG (10): | 3.335 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 46.04 | |
| TEMA (21): | 3.323 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | -0.009 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0260 | |
| Courbe Coppock: | 0.76 |
| MA7: | 3.306 | |
| MA20: | 3.267 | |
| MA50: | 3.142 | |
| MA100: | 3.209 | |
| MAexp7: | 3.332 | |
| MAexp20: | 3.333 | |
| MAexp50: | 3.331 | |
| MAexp100: | 3.307 | |
| Price / MA7: | +1.18% | |
| Price / MA20: | +2.39% | |
| Price / MA50: | +6.46% | |
| Price / MA100: | +4.24% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | +0.36% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +1.15% |
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
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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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