NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	NG
ISIN:

NATURAL GAS - 15 min. - Technical analysis published on 12/19/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

11%

50%

My opinion

Bullish above 3.376 USD

My targets

3.505 USD (+1.61%)

3.568 USD (+3.46%)

My analysis

NATURAL GAS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.376 USD. The next resistance located at 3.505 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.568 USD. After this resistance, buyers could then target 3.669 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by gaganiva. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NATURAL GAS price is 3.449 USD. On the day, this instrument gained +2.22% and was between 3.391 USD and 3.477 USD. This implies that the price is at +1.71% from its lowest and at -0.81% from its highest.

3.391

3.477

3.449

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

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of NATURAL GAS in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes

MACD crosses DOWN its Moving Average

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.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.250	3.335	3.394	3.449	3.479	3.559	3.669
Change (%)	-5.77%	-3.31%	-1.59%	-	+0.87%	+3.19%	+6.38%
Change	-0.199	-0.114	-0.055	-	+0.030	+0.110	+0.220
Level	Minor	Intermediate	Minor	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.181	3.247	3.310	3.376	3.439	3.505	3.568
Camarilla	3.339	3.350	3.362	3.374	3.386	3.398	3.410
Woodie	3.181	3.246	3.310	3.375	3.439	3.504	3.568
Fibonacci	3.247	3.296	3.326	3.376	3.425	3.455	3.505

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	58.54
MACD (12,26,9):	0.0120
Directional Movement:	7.550
AROON (14):	64.286
DEMA (21):	3.458
Parabolic SAR (0,02-0,02-0,2):	3.476
Elder Ray (13):	0.002
Super Trend (3,10):	3.440
Zig ZAG (10):	3.448
VORTEX (21):	1.1050
Stochastique (14,3,5):	59.44
TEMA (21):	3.460
Williams %R (14):	-50.00
Chande Momentum Oscillator (20):	0.025
Repulse (5,40,3):	-0.2850
ROCnROLL:	-1
TRIX (15,9):	0.0440
Courbe Coppock:	1.90

MA7:	3.351
MA20:	3.266
MA50:	3.144
MA100:	3.214
MAexp7:	3.454
MAexp20:	3.443
MAexp50:	3.423
MAexp100:	3.395
Price / MA7:	+2.92%
Price / MA20:	+5.60%
Price / MA50:	+9.70%
Price / MA100:	+7.31%
Price / MAexp7:	-0.14%
Price / MAexp20:	+0.17%
Price / MAexp50:	+0.76%
Price / MAexp100:	+1.59%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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