NATURAL GAS - 15 min. - Technical analysis published on 12/20/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 3.540 USD
My targets
3.690 USD (+1.25%)
3.795 USD (+4.15%)
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 3.540 USD. Crossing the first resistance at 3.690 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 3.795 USD as an objective. Crossing it would then enable buyers to target 3.945 USD. Caution, a return to below 3.540 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
5.7
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Additional analysis
Quotes
The NATURAL GAS rating is 3.644 USD. The price registered an increase of +1.67% on the session and was traded between 3.606 USD and 3.671 USD over the period. The price is currently at +1.05% from its lowest and -0.74% from its highest.3.606
3.671
3.644
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this NATURAL GAS chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
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 | 3.441 | 3.479 | 3.559 | 3.644 | 3.669 | 4.186 | 4.399 |
| Change (%) | -5.57% | -4.53% | -2.33% | - | +0.69% | +14.87% | +20.72% |
| Change | -0.203 | -0.165 | -0.085 | - | +0.025 | +0.542 | +0.755 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 3.180 | 3.285 | 3.435 | 3.540 | 3.690 | 3.795 | 3.945 |
| Camarilla | 3.514 | 3.537 | 3.561 | 3.584 | 3.607 | 3.631 | 3.654 |
| Woodie | 3.202 | 3.296 | 3.457 | 3.551 | 3.712 | 3.806 | 3.967 |
| Fibonacci | 3.285 | 3.383 | 3.443 | 3.540 | 3.638 | 3.698 | 3.795 |
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): | 59.38 | |
| MACD (12,26,9): | 0.0110 | |
| Directional Movement: | 5.305 | |
| AROON (14): | 28.572 | |
| DEMA (21): | 3.660 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.664 | |
| Elder Ray (13): | -0.001 | |
| Super Trend (3,10): | 3.619 | |
| Zig ZAG (10): | 3.647 | |
| VORTEX (21): | 1.1280 | |
| Stochastique (14,3,5): | 54.70 | |
| TEMA (21): | 3.651 | |
| Williams %R (14): | -43.59 | |
| Chande Momentum Oscillator (20): | 0.005 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0520 | |
| Courbe Coppock: | 0.20 |
| MA7: | 3.409 | |
| MA20: | 3.291 | |
| MA50: | 3.153 | |
| MA100: | 3.221 | |
| MAexp7: | 3.649 | |
| MAexp20: | 3.643 | |
| MAexp50: | 3.609 | |
| MAexp100: | 3.553 | |
| Price / MA7: | +6.89% | |
| Price / MA20: | +10.73% | |
| Price / MA50: | +15.57% | |
| Price / MA100: | +13.13% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +2.56% |
Quotes :
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10 min delayed data
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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
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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
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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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