NATURAL GAS - 1H - Technical analysis published on 12/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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
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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.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| 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 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
News
The last news published on NATURAL GAS at the time of the generation of this analysis was as follows:
-
Natural gas Prices forecast for the week of December 12 2016, Technical Analysis
-
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
-
Natural Gas Technical Analysis for December 08 2016 by FXEmpire.com
-
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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