NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	NG
ISIN:

NATURAL GAS - Daily - Technical analysis published on 12/20/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 3.479 USD

My targets

3.834 USD (+5.11%)

4.026 USD (+10.37%)

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 3.479 USD. The buyers' bullish objective is set at 3.834 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.026 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 Mark Thomer. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NATURAL GAS price is 3.648 USD. The price registered an increase of +1.79% on the session and was between 3.606 USD and 3.671 USD. This implies that the price is at +1.16% from its lowest and at -0.63% from its highest.

3.606

3.671

3.648

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NATURAL GAS in Daily shows a strongly overall bullish trend. 85.71% 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 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 : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.042	3.335	3.479	3.648	3.669	4.186	4.399
Change (%)	-16.61%	-8.58%	-4.63%	-	+0.58%	+14.75%	+20.59%
Change	-0.606	-0.313	-0.169	-	+0.021	+0.538	+0.751
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	Major

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	3.212	3.302	3.467	3.557	3.722	3.812	3.977
Camarilla	3.563	3.586	3.610	3.633	3.656	3.680	3.703
Woodie	3.251	3.321	3.506	3.576	3.761	3.831	4.016
Fibonacci	3.302	3.399	3.459	3.557	3.654	3.714	3.812

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):	63.58
MACD (12,26,9):	0.0880
Directional Movement:	18.510
AROON (14):	85.714
DEMA (21):	3.412
Parabolic SAR (0,02-0,02-0,2):	3.124
Elder Ray (13):	0.274
Super Trend (3,10):	3.071
Zig ZAG (10):	3.645
VORTEX (21):	0.9880
Stochastique (14,3,5):	87.56
TEMA (21):	3.484
Williams %R (14):	-3.60
Chande Momentum Oscillator (20):	0.603
Repulse (5,40,3):	7.1300
ROCnROLL:	1
TRIX (15,9):	0.2210
Courbe Coppock:	11.31

MA7:	3.416
MA20:	3.293
MA50:	3.154
MA100:	3.221
MAexp7:	3.447
MAexp20:	3.314
MAexp50:	3.247
MAexp100:	3.293
Price / MA7:	+6.79%
Price / MA20:	+10.78%
Price / MA50:	+15.66%
Price / MA100:	+13.26%
Price / MAexp7:	+5.83%
Price / MAexp20:	+10.08%
Price / MAexp50:	+12.35%
Price / MAexp100:	+10.78%

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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