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:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 3.438 USD
My targets
3.303 USD (-1.76%)
3.264 USD (-2.91%)
My analysis
The strong short-term decline in NATURAL GAS calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 3.438 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 3.303 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.264 USD as an objective. Crossing it would then enable sellers to target 3.135 USD. Be careful, a return to above 3.438 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.4
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Additional analysis
Quotes
The NATURAL GAS price is 3.362 USD. On the day, this instrument gained +1.63% and was traded between 3.312 USD and 3.441 USD over the period. The price is currently at +1.51% from its lowest and -2.30% from its highest.3.312
3.441
3.362
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 slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 15 minutes
MACD indicator is back under 0
Type : Bearish
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.
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 | 3.145 | 3.260 | 3.324 | 3.362 | 3.428 | 3.479 | 3.559 |
| Change (%) | -6.45% | -3.03% | -1.13% | - | +1.96% | +3.48% | +5.86% |
| Change | -0.217 | -0.102 | -0.038 | - | +0.066 | +0.117 | +0.197 |
| 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.84 | |
| MACD (12,26,9): | 0.0040 | |
| Directional Movement: | -12.873 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 3.395 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.436 | |
| Elder Ray (13): | -0.042 | |
| Super Trend (3,10): | 3.433 | |
| Zig ZAG (10): | 3.331 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 5.45 | |
| TEMA (21): | 3.374 | |
| Williams %R (14): | -89.29 | |
| Chande Momentum Oscillator (20): | -0.031 | |
| Repulse (5,40,3): | -1.2030 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0430 | |
| Courbe Coppock: | 0.77 |
| MA7: | 3.308 | |
| MA20: | 3.268 | |
| MA50: | 3.142 | |
| MA100: | 3.210 | |
| MAexp7: | 3.370 | |
| MAexp20: | 3.386 | |
| MAexp50: | 3.370 | |
| MAexp100: | 3.341 | |
| Price / MA7: | +1.63% | |
| Price / MA20: | +2.88% | |
| Price / MA50: | +7.00% | |
| Price / MA100: | +4.74% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.71% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | +0.63% |
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
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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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