NATURAL GAS - 1H - Technical analysis published on 12/23/2024 (GMT)
- 92
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
50%
28%
My opinion
Bearish under 3.669 USD
My targets
3.556 USD (-0.95%)
3.479 USD (-3.09%)
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
1.3
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 3.590 USD. On the day, this instrument lost -4.22% and was traded between 3.585 USD and 3.944 USD over the period. The price is currently at +0.14% from its lowest and -8.98% from its highest.3.585
3.944
3.590
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 being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.145 | 3.479 | 3.556 | 3.590 | 3.669 | 4.186 | 4.399 |
| Change (%) | -12.40% | -3.09% | -0.95% | - | +2.20% | +16.60% | +22.53% |
| Change | -0.445 | -0.111 | -0.034 | - | +0.079 | +0.596 | +0.809 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Major |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 32.90 | |
| MACD (12,26,9): | 0.0220 | |
| Directional Movement: | -16.230 | |
| AROON (14): | -57.143 | |
| 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): | 3.655 | |
| VORTEX (21): | 0.8740 | |
| Stochastique (14,3,5): | 6.40 | |
| TEMA (21): | 3.764 | |
| Williams %R (14): | -97.59 | |
| Chande Momentum Oscillator (20): | -0.236 | |
| Repulse (5,40,3): | -4.5660 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1860 | |
| Courbe Coppock: | 3.46 |
| MA7: | 3.445 | |
| MA20: | 3.307 | |
| MA50: | 3.164 | |
| MA100: | 3.228 | |
| MAexp7: | 3.733 | |
| MAexp20: | 3.797 | |
| MAexp50: | 3.703 | |
| MAexp100: | 3.580 | |
| Price / MA7: | +4.21% | |
| Price / MA20: | +8.56% | |
| Price / MA50: | +13.46% | |
| Price / MA100: | +11.21% | |
| Price / MAexp7: | -3.83% | |
| Price / MAexp20: | -5.45% | |
| Price / MAexp50: | -3.05% | |
| Price / MAexp100: | +0.28% |
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
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NATURAL GAS - 1H