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 : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 3.479 USD

My targets

3.669 USD (+1.69%)

3.834 USD (+6.27%)

My analysis

NATURAL GAS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.479 USD. The next resistance located at 3.669 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.834 USD. After this resistance, buyers could then target 4.186 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

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 gioviforex. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NATURAL GAS rating is 3.608 USD. The price registered an increase of +0.67% on the session and was traded between 3.554 USD and 3.705 USD over the period. The price is currently at +1.52% from its lowest and -2.62% from its highest.

3.554

3.705

3.608

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

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NATURAL GAS chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 17 technical indicators on 18 studied are currently bullish. 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

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.042	3.335	3.479	3.608	3.669	4.186	4.399
Change (%)	-15.69%	-7.57%	-3.58%	-	+1.69%	+16.02%	+21.92%
Change	-0.566	-0.273	-0.129	-	+0.061	+0.578	+0.791
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	3.180	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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.22
MACD (12,26,9):	0.0850
Directional Movement:	19.173
AROON (14):	85.714
DEMA (21):	3.393
Parabolic SAR (0,02-0,02-0,2):	3.124
Elder Ray (13):	0.280
Super Trend (3,10):	3.036
Zig ZAG (10):	3.587
VORTEX (21):	0.9760
Stochastique (14,3,5):	81.55
TEMA (21):	3.462
Williams %R (14):	-15.52
Chande Momentum Oscillator (20):	0.550
Repulse (5,40,3):	2.8870
ROCnROLL:	1
TRIX (15,9):	0.2130
Courbe Coppock:	10.23

MA7:	3.403
MA20:	3.287
MA50:	3.152
MA100:	3.220
MAexp7:	3.428
MAexp20:	3.303
MAexp50:	3.243
MAexp100:	3.291
Price / MA7:	+6.02%
Price / MA20:	+9.77%
Price / MA50:	+14.47%
Price / MA100:	+12.05%
Price / MAexp7:	+5.25%
Price / MAexp20:	+9.23%
Price / MAexp50:	+11.26%
Price / MAexp100:	+9.63%

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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