NATURAL GAS - 1H - Technical analysis published on 12/18/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above
My targets
()
()
My analysis
All elements being clearly bullish, it would be possible for traders to trade only 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 . However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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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 3.428 USD. On the day, this instrument gained +3.63% with the lowest point at 3.312 USD and the highest point at 3.441 USD. The deviation from the price is +3.50% for the low point and -0.38% for the high point.3.312
3.441
3.428
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 NATURAL GAS in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.145 | 3.260 | 3.324 | 3.428 | 3.428 | 3.479 | 3.559 |
| Change (%) | -8.26% | -4.90% | -3.03% | 0% | - | +1.49% | +3.82% |
| Change | -0.283 | -0.168 | -0.104 | 0 | - | +0.051 | +0.131 |
| Level | Intermediate | Minor | Intermediate | Minor | - | Major | Major |
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): | 63.17 | |
| MACD (12,26,9): | 0.0330 | |
| Directional Movement: | 11.374 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 3.409 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.439 | |
| Elder Ray (13): | 0.035 | |
| Super Trend (3,10): | 3.293 | |
| Zig ZAG (10): | 3.423 | |
| VORTEX (21): | 1.0480 | |
| Stochastique (14,3,5): | 66.93 | |
| TEMA (21): | 3.418 | |
| Williams %R (14): | -13.18 | |
| Chande Momentum Oscillator (20): | 0.085 | |
| Repulse (5,40,3): | 1.7420 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1470 | |
| Courbe Coppock: | 2.95 |
| MA7: | 3.318 | |
| MA20: | 3.272 | |
| MA50: | 3.144 | |
| MA100: | 3.210 | |
| MAexp7: | 3.398 | |
| MAexp20: | 3.365 | |
| MAexp50: | 3.320 | |
| MAexp100: | 3.295 | |
| Price / MA7: | +3.32% | |
| Price / MA20: | +4.77% | |
| Price / MA50: | +9.03% | |
| Price / MA100: | +6.79% | |
| Price / MAexp7: | +0.88% | |
| Price / MAexp20: | +1.87% | |
| Price / MAexp50: | +3.25% | |
| Price / MAexp100: | +4.04% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
The latest news and videos published on NATURAL GAS at the time of the analysis were as follows:
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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
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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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