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
61%
17%
22%
My opinion
Bullish above 3.394 USD
My targets
3.479 USD (+1.07%)
3.559 USD (+3.40%)
My analysis
The bullish trend is currently very strong on NATURAL GAS. As long as the price remains above the support at 3.394 USD, you could try to benefit from the boom. The first bullish objective is located at 3.479 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.559 USD as an objective. Crossing it would then enable buyers to target 3.669 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
6.4
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This analysis was given by ciaciocoin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NATURAL GAS price is 3.442 USD. On the day, this instrument gained +2.02% and was traded between 3.391 USD and 3.477 USD over the period. The price is currently at +1.50% from its lowest and -1.01% from its highest.3.391
3.477
3.442
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
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.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.250 | 3.335 | 3.394 | 3.442 | 3.479 | 3.559 | 3.669 |
| Change (%) | -5.58% | -3.11% | -1.39% | - | +1.07% | +3.40% | +6.60% |
| Change | -0.192 | -0.107 | -0.048 | - | +0.037 | +0.117 | +0.227 |
| 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.02 | |
| MACD (12,26,9): | 0.0310 | |
| Directional Movement: | 16.869 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 3.453 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.356 | |
| Elder Ray (13): | 0.023 | |
| Super Trend (3,10): | 3.367 | |
| Zig ZAG (10): | 3.447 | |
| VORTEX (21): | 1.1690 | |
| Stochastique (14,3,5): | 79.73 | |
| TEMA (21): | 3.458 | |
| Williams %R (14): | -22.22 | |
| Chande Momentum Oscillator (20): | 0.039 | |
| Repulse (5,40,3): | -0.0580 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1330 | |
| Courbe Coppock: | 2.96 |
| MA7: | 3.350 | |
| MA20: | 3.266 | |
| MA50: | 3.144 | |
| MA100: | 3.214 | |
| MAexp7: | 3.441 | |
| MAexp20: | 3.411 | |
| MAexp50: | 3.360 | |
| MAexp100: | 3.322 | |
| Price / MA7: | +2.75% | |
| Price / MA20: | +5.39% | |
| Price / MA50: | +9.48% | |
| Price / MA100: | +7.09% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.91% | |
| Price / MAexp50: | +2.44% | |
| Price / MAexp100: | +3.61% |
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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