NATURAL GAS - 15 min. - Technical analysis published on 12/27/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 3.368 USD
My targets
3.481 USD (+1.24%)
3.642 USD (+5.94%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NATURAL GAS. This is a positive signal for buyers. As long as the price remains above 3.368 USD, a purchase could be considered. The first bullish objective is located at 3.481 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.642 USD as an objective. Crossing it would then enable buyers to target 3.755 USD. In the event of a return below 3.368 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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Additional analysis
Quotes
The NATURAL GAS price is 3.438 USD. On the day, this instrument gained +3.59% and was between 3.293 USD and 3.448 USD. This implies that the price is at +4.40% from its lowest and at -0.29% from its highest.3.293
3.448
3.438
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this NATURAL GAS chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 15 minutes
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.133 | 3.221 | 3.393 | 3.438 | 3.503 | 3.738 | 3.951 |
| Change (%) | -8.87% | -6.31% | -1.31% | - | +1.89% | +8.73% | +14.92% |
| Change | -0.305 | -0.217 | -0.045 | - | +0.065 | +0.300 | +0.513 |
| Level | Minor | Major | Intermediate | - | 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 | 2.933 | 3.094 | 3.207 | 3.368 | 3.481 | 3.642 | 3.755 |
| Camarilla | 3.244 | 3.269 | 3.294 | 3.319 | 3.344 | 3.369 | 3.394 |
| Woodie | 2.908 | 3.082 | 3.182 | 3.356 | 3.456 | 3.630 | 3.730 |
| Fibonacci | 3.094 | 3.199 | 3.264 | 3.368 | 3.473 | 3.538 | 3.642 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.098 | 2.371 | 2.835 | 3.108 | 3.572 | 3.845 | 4.309 |
| Camarilla | 3.097 | 3.165 | 3.232 | 3.300 | 3.368 | 3.435 | 3.503 |
| Woodie | 2.195 | 2.419 | 2.932 | 3.156 | 3.669 | 3.893 | 4.406 |
| Fibonacci | 2.371 | 2.652 | 2.826 | 3.108 | 3.389 | 3.563 | 3.845 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.288 | 1.760 | 2.337 | 2.809 | 3.386 | 3.858 | 4.435 |
| Camarilla | 2.627 | 2.723 | 2.819 | 2.915 | 3.011 | 3.107 | 3.204 |
| Woodie | 1.342 | 1.786 | 2.391 | 2.835 | 3.440 | 3.884 | 4.489 |
| Fibonacci | 1.760 | 2.160 | 2.408 | 2.809 | 3.209 | 3.457 | 3.858 |
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): | 78.08 | |
| MACD (12,26,9): | 0.0320 | |
| Directional Movement: | 28.278 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 3.436 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.408 | |
| Elder Ray (13): | 0.024 | |
| Super Trend (3,10): | 3.390 | |
| Zig ZAG (10): | 3.438 | |
| VORTEX (21): | 1.3430 | |
| Stochastique (14,3,5): | 90.81 | |
| TEMA (21): | 3.454 | |
| Williams %R (14): | -8.00 | |
| Chande Momentum Oscillator (20): | 0.038 | |
| Repulse (5,40,3): | 0.2210 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1260 | |
| Courbe Coppock: | 6.08 |
| MA7: | 3.261 | |
| MA20: | 2.940 | |
| MA50: | 2.762 | |
| MA100: | 2.800 | |
| MAexp7: | 3.432 | |
| MAexp20: | 3.397 | |
| MAexp50: | 3.361 | |
| MAexp100: | 3.352 | |
| Price / MA7: | +5.43% | |
| Price / MA20: | +16.94% | |
| Price / MA50: | +24.48% | |
| Price / MA100: | +22.79% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +1.21% | |
| Price / MAexp50: | +2.29% | |
| Price / MAexp100: | +2.57% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
Don't forget to follow the news on NATURAL GAS. At the time of publication of this analysis, the latest news 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.
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