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 12/24/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 3.669 USD

My targets

3.828 USD (+1.54%)

3.944 USD (+4.62%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NATURAL GAS as long as the price remains well above 3.669 USD. The buyers' bullish objective is set at 3.828 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.944 USD. If there is any crossing, the next objective would be the resistance located at 4.186 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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

NATURAL GAS rating 3.770 USD. The price registered an increase of +3.12% on the session and was between 3.666 USD and 3.792 USD. This implies that the price is at +2.84% from its lowest and at -0.58% from its highest.

3.666

3.792

3.770

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NATURAL GAS chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.479	3.557	3.669	3.770	3.828	3.944	4.186
Change (%)	-7.72%	-5.65%	-2.68%	-	+1.54%	+4.62%	+11.03%
Change	-0.291	-0.213	-0.101	-	+0.058	+0.174	+0.416
Level	Major	Major	Intermediate	-	Minor	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.147	3.364	3.510	3.727	3.873	4.090	4.236
Camarilla	3.556	3.590	3.623	3.656	3.689	3.723	3.756
Woodie	3.112	3.346	3.475	3.709	3.838	4.072	4.201
Fibonacci	3.364	3.503	3.588	3.727	3.866	3.951	4.090

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):	55.82
MACD (12,26,9):	-0.0030
Directional Movement:	3.222
AROON (14):	92.857
DEMA (21):	3.729
Parabolic SAR (0,02-0,02-0,2):	3.624
Elder Ray (13):	0.020
Super Trend (3,10):	3.807
Zig ZAG (10):	3.750
VORTEX (21):	1.1100
Stochastique (14,3,5):	76.25
TEMA (21):	3.717
Williams %R (14):	-38.10
Chande Momentum Oscillator (20):	0.000
Repulse (5,40,3):	0.5610
ROCnROLL:	1
TRIX (15,9):	-0.0430
Courbe Coppock:	1.99

MA7:	3.520
MA20:	3.322
MA50:	3.176
MA100:	3.234
MAexp7:	3.738
MAexp20:	3.730
MAexp50:	3.709
MAexp100:	3.623
Price / MA7:	+7.10%
Price / MA20:	+13.49%
Price / MA50:	+18.70%
Price / MA100:	+16.57%
Price / MAexp7:	+0.86%
Price / MAexp20:	+1.07%
Price / MAexp50:	+1.64%
Price / MAexp100:	+4.06%

Quotes : - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on NATURAL GAS at the time of the analysis were as follows:

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

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