NATURAL GAS - 1H - Technical analysis published on 12/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 3.394 USD
My targets
3.479 USD (+0.75%)
3.559 USD (+3.07%)
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 3.394 USD. The buyers' bullish objective is set at 3.479 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.559 USD. If there is any crossing, the next objective would be the resistance located at 3.669 USD. 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
7.1
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This analysis was given by ciaciocoin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NATURAL GAS rating 3.453 USD. The price registered an increase of +2.34% on the session and was traded between 3.391 USD and 3.477 USD over the period. The price is currently at +1.83% from its lowest and -0.69% from its highest.3.391
3.477
3.453
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
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 1H of this NATURAL GAS chart shows a strongly bullish trend. 82.14% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 3.250 | 3.335 | 3.394 | 3.453 | 3.479 | 3.559 | 3.669 |
| Change (%) | -5.88% | -3.42% | -1.71% | - | +0.75% | +3.07% | +6.26% |
| Change | -0.203 | -0.118 | -0.059 | - | +0.026 | +0.106 | +0.216 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | Intermediate |
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 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.86 | |
| MACD (12,26,9): | 0.0310 | |
| Directional Movement: | 16.909 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 3.454 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.356 | |
| Elder Ray (13): | 0.023 | |
| Super Trend (3,10): | 3.367 | |
| Zig ZAG (10): | 3.450 | |
| VORTEX (21): | 1.1640 | |
| Stochastique (14,3,5): | 87.84 | |
| TEMA (21): | 3.458 | |
| Williams %R (14): | -16.89 | |
| Chande Momentum Oscillator (20): | 0.046 | |
| Repulse (5,40,3): | 0.3090 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1340 | |
| Courbe Coppock: | 2.99 |
| MA7: | 3.351 | |
| MA20: | 3.266 | |
| MA50: | 3.144 | |
| MA100: | 3.214 | |
| MAexp7: | 3.442 | |
| MAexp20: | 3.411 | |
| MAexp50: | 3.360 | |
| MAexp100: | 3.322 | |
| Price / MA7: | +3.04% | |
| Price / MA20: | +5.73% | |
| Price / MA50: | +9.83% | |
| Price / MA100: | +7.44% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +1.23% | |
| Price / MAexp50: | +2.77% | |
| Price / MAexp100: | +3.94% |
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
-
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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