NATURAL GAS
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)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 3.669 USD
My targets
3.556 USD (-2.04%)
3.479 USD (-4.16%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for NATURAL GAS as long as the price remains well below 3.669 USD. The next bearish objective for sellers is set at 3.556 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.479 USD. In case of crossing, the next objective would be the support located at 3.145 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 3.556 USD. With this support, against the trend traders who want to buy NATURAL GAS on a buy signal from their trading strategy should not hesitate to act.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.4

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:
15 min. Daily Weekly

Additional analysis

Quotes

NATURAL GAS rating 3.630 USD. The price registered a decrease of -3.15% on the session and was between 3.628 USD and 3.944 USD. This implies that the price is at +0.06% from its lowest and at -7.96% from its highest.

3.628
3.944
3.630

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.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NATURAL GAS indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Three black crows

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3.145 3.479 3.556 3.630 3.669 4.186 4.399
Change (%) -13.36% -4.16% -2.04% - +1.07% +15.32% +21.18%
Change -0.485 -0.151 -0.074 - +0.039 +0.556 +0.769
Level Minor Intermediate Major - Major 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
Standard3.3183.4363.5923.7103.8663.9844.140
Camarilla3.6733.6983.7233.7483.7733.7983.823
Woodie3.3373.4463.6113.7203.8853.9944.159
Fibonacci3.4363.5413.6053.7103.8153.8793.984


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.5462.8193.2833.5564.0204.2934.757
Camarilla3.5453.6133.6803.7483.8163.8833.951
Woodie2.6432.8673.3803.6044.1174.3414.854
Fibonacci2.8193.1003.2743.5563.8374.0114.293


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.7362.2082.7853.2573.8344.3064.883
Camarilla3.0753.1713.2673.3633.4593.5553.652
Woodie1.7902.2342.8393.2833.8884.3324.937
Fibonacci2.2082.6082.8563.2573.6573.9054.306

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 33.29
MACD (12,26,9): 0.0080
Directional Movement: -15.700
AROON (14): -64.286
DEMA (21): 3.814
Parabolic SAR (0,02-0,02-0,2): 3.927
Elder Ray (13): -0.135
Super Trend (3,10): 3.809
Zig ZAG (10): 3.654
VORTEX (21): 0.8740
Stochastique (14,3,5): 6.74
TEMA (21): 3.766
Williams %R (14): -94.48
Chande Momentum Oscillator (20): -0.228
Repulse (5,40,3): -3.9620
ROCnROLL: 2
TRIX (15,9): 0.1880
Courbe Coppock: 3.14
MA7: 3.452
MA20: 3.305
MA50: 3.164
MA100: 3.228
MAexp7: 3.748
MAexp20: 3.797
MAexp50: 3.703
MAexp100: 3.580
Price / MA7: +5.16%
Price / MA20: +9.83%
Price / MA50: +14.73%
Price / MA100: +12.45%
Price / MAexp7: -3.15%
Price / MAexp20: -4.40%
Price / MAexp50: -1.97%
Price / MAexp100: +1.40%

Quotes : - 10 min delayed data - NYMEX Futures

This member declared not having a position on this financial instrument or a related financial instrument.

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