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 12/23/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

67%

22%

My opinion

Bullish above 3.669 USD

My targets

4.020 USD (+8.36%)

4.186 USD (+12.83%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 3.669 USD remains possible. It is advisable to trade NATURAL GAS with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3.669 USD. The next bullish objective for buyers is set at 4.020 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.186 USD. If there is any crossing, the next objective would be the resistance located at 4.399 USD. PS: if there is a bearish break in the support located at 3.669 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

1.4

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

Additional analysis

Quotes

The NATURAL GAS rating is 3.710 USD. The price is lower by -1.01% since the last closing and was between 3.701 USD and 3.944 USD. This implies that the price is at +0.24% from its lowest and at -5.93% from its highest.

3.701

3.944

3.710

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

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 Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NATURAL GAS chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

Three black crows

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.479	3.556	3.669	3.710	4.186	4.399	5.460
Change (%)	-6.23%	-4.15%	-1.11%	-	+12.83%	+18.57%	+47.17%
Change	-0.231	-0.154	-0.041	-	+0.476	+0.689	+1.750
Level	Intermediate	Major	Major	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.318	3.436	3.592	3.710	3.866	3.984	4.140
Camarilla	3.673	3.698	3.723	3.748	3.773	3.798	3.823
Woodie	3.337	3.446	3.611	3.720	3.885	3.994	4.159
Fibonacci	3.436	3.541	3.605	3.710	3.815	3.879	3.984

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.546	2.819	3.283	3.556	4.020	4.293	4.757
Camarilla	3.545	3.613	3.680	3.748	3.816	3.883	3.951
Woodie	2.643	2.867	3.380	3.604	4.117	4.341	4.854
Fibonacci	2.819	3.100	3.274	3.556	3.837	4.011	4.293

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):	40.05
MACD (12,26,9):	0.0400
Directional Movement:	-8.576
AROON (14):	-100.000
DEMA (21):	3.879
Parabolic SAR (0,02-0,02-0,2):	3.944
Elder Ray (13):	-0.088
Super Trend (3,10):	3.878
Zig ZAG (10):	3.724
VORTEX (21):	0.9840
Stochastique (14,3,5):	10.62
TEMA (21):	3.826
Williams %R (14):	-92.34
Chande Momentum Oscillator (20):	-0.153
Repulse (5,40,3):	-3.0180
ROCnROLL:	-1
TRIX (15,9):	0.2250
Courbe Coppock:	0.47

MA7:	3.462
MA20:	3.309
MA50:	3.166
MA100:	3.228
MAexp7:	3.800
MAexp20:	3.812
MAexp50:	3.705
MAexp100:	3.578
Price / MA7:	+7.16%
Price / MA20:	+12.12%
Price / MA50:	+17.18%
Price / MA100:	+14.93%
Price / MAexp7:	-2.37%
Price / MAexp20:	-2.68%
Price / MAexp50:	+0.13%
Price / MAexp100:	+3.69%

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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