NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	NG
ISIN:

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

78%

17%

My opinion

Bullish above 3.394 USD

My targets

3.559 USD (+2.24%)

3.669 USD (+5.40%)

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 3.559 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.669 USD. If there is any crossing, the next objective would be the resistance located at 4.186 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

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

NATURAL GAS rating 3.481 USD. The price registered an increase of +3.17% on the session and was between 3.391 USD and 3.483 USD. This implies that the price is at +2.65% from its lowest and at -0.06% from its highest.

3.391

3.483

3.481

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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being 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 strong bullish signal.
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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

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.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.335	3.394	3.479	3.481	3.559	3.669	4.186
Change (%)	-4.19%	-2.50%	-0.06%	-	+2.24%	+5.40%	+20.25%
Change	-0.146	-0.087	-0.002	-	+0.078	+0.188	+0.705
Level	Intermediate	Minor	Major	-	Intermediate	Intermediate	Minor

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	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):	66.45
MACD (12,26,9):	0.0300
Directional Movement:	15.751
AROON (14):	85.714
DEMA (21):	3.464
Parabolic SAR (0,02-0,02-0,2):	3.376
Elder Ray (13):	0.022
Super Trend (3,10):	3.372
Zig ZAG (10):	3.478
VORTEX (21):	1.1230
Stochastique (14,3,5):	78.15
TEMA (21):	3.466
Williams %R (14):	-1.11
Chande Momentum Oscillator (20):	0.080
Repulse (5,40,3):	1.4390
ROCnROLL:	1
TRIX (15,9):	0.1310
Courbe Coppock:	3.10

MA7:	3.356
MA20:	3.267
MA50:	3.145
MA100:	3.214
MAexp7:	3.452
MAexp20:	3.422
MAexp50:	3.370
MAexp100:	3.330
Price / MA7:	+3.72%
Price / MA20:	+6.55%
Price / MA50:	+10.68%
Price / MA100:	+8.31%
Price / MAexp7:	+0.84%
Price / MAexp20:	+1.72%
Price / MAexp50:	+3.29%
Price / MAexp100:	+4.53%

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:

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

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