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
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 3.376 USD
My targets
3.505 USD (+1.09%)
3.568 USD (+2.92%)
My analysis
The basic bullish trend is very strong on NATURAL GAS but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 3.376 USD. Crossing the first resistance at 3.505 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 3.568 USD as an objective. Crossing it would then enable buyers to target 3.669 USD. Caution, a return to below 3.376 USD would be a sign of a consolidation phase in the short-term basic trend. 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.
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
0
10
7
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Additional analysis
Quotes
NATURAL GAS rating 3.467 USD. The price has increased by +2.76% since the last closing with the lowest point at 3.391 USD and the highest point at 3.523 USD. The deviation from the price is +2.24% for the low point and -1.59% for the high point.3.391
3.523
3.467
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 15 min. of this NATURAL GAS chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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 : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.250 | 3.335 | 3.394 | 3.467 | 3.479 | 3.559 | 3.669 |
| Change (%) | -6.26% | -3.81% | -2.11% | - | +0.35% | +2.65% | +5.83% |
| Change | -0.217 | -0.132 | -0.073 | - | +0.012 | +0.092 | +0.202 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | Intermediate |
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): | 60.39 | |
| MACD (12,26,9): | 0.0160 | |
| Directional Movement: | 21.159 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 3.490 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.466 | |
| Elder Ray (13): | 0.027 | |
| Super Trend (3,10): | 3.449 | |
| Zig ZAG (10): | 3.481 | |
| VORTEX (21): | 1.0770 | |
| Stochastique (14,3,5): | 77.64 | |
| TEMA (21): | 3.498 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | 0.046 | |
| Repulse (5,40,3): | -0.1350 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0490 | |
| Courbe Coppock: | 2.89 |
| MA7: | 3.353 | |
| MA20: | 3.267 | |
| MA50: | 3.145 | |
| MA100: | 3.214 | |
| MAexp7: | 3.487 | |
| MAexp20: | 3.472 | |
| MAexp50: | 3.449 | |
| MAexp100: | 3.420 | |
| Price / MA7: | +3.40% | |
| Price / MA20: | +6.12% | |
| Price / MA50: | +10.24% | |
| Price / MA100: | +7.87% | |
| Price / MAexp7: | -0.57% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +1.37% |
Quotes :
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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
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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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