NATURAL GAS - 15 min. - Technical analysis published on 12/24/2024 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 3.834 USD
My targets
4.020 USD (+3.32%)
4.090 USD (+5.11%)
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 3.834 USD. The buyers' bullish objective 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 4.090 USD. If there is any crossing, the next objective would be the resistance located at 4.236 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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This analysis was given by Nira. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NATURAL GAS rating is 3.891 USD. On the day, this instrument gained +6.43% and was between 3.666 USD and 3.903 USD. This implies that the price is at +6.14% from its lowest and at -0.31% from its highest.3.666
3.903
3.891
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of NATURAL GAS indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.557 | 3.669 | 3.828 | 3.891 | 3.944 | 4.186 | 4.399 |
| Change (%) | -8.58% | -5.71% | -1.62% | - | +1.36% | +7.58% | +13.06% |
| Change | -0.334 | -0.222 | -0.063 | - | +0.053 | +0.295 | +0.508 |
| Level | Major | Intermediate | Minor | - | 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 | 3.147 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 73.80 | |
| MACD (12,26,9): | 0.0380 | |
| Directional Movement: | 26.280 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 3.859 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.806 | |
| Elder Ray (13): | 0.053 | |
| Super Trend (3,10): | 3.797 | |
| Zig ZAG (10): | 3.890 | |
| VORTEX (21): | 1.1580 | |
| Stochastique (14,3,5): | 93.62 | |
| TEMA (21): | 3.884 | |
| Williams %R (14): | -6.56 | |
| Chande Momentum Oscillator (20): | 0.158 | |
| Repulse (5,40,3): | 0.5620 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1150 | |
| Courbe Coppock: | 6.54 |
| MA7: | 3.540 | |
| MA20: | 3.328 | |
| MA50: | 3.179 | |
| MA100: | 3.236 | |
| MAexp7: | 3.869 | |
| MAexp20: | 3.814 | |
| MAexp50: | 3.772 | |
| MAexp100: | 3.754 | |
| Price / MA7: | +9.92% | |
| Price / MA20: | +16.92% | |
| Price / MA50: | +22.40% | |
| Price / MA100: | +20.24% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +2.02% | |
| Price / MAexp50: | +3.15% | |
| Price / MAexp100: | +3.65% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
The latest news and videos published on NATURAL GAS at the time of the analysis were 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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