NATURAL GAS - 15 min. - Technical analysis published on 12/30/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 3.746 USD
My targets
3.951 USD (+2.07%)
3.961 USD (+2.33%)
My analysis
NATURAL GAS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.746 USD. The next resistance located at 3.951 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.961 USD. After this resistance, buyers could then target 5.012 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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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Additional analysis
Quotes
NATURAL GAS rating 3.871 USD. On the day, this instrument gained +14.43% and was between 3.648 USD and 3.880 USD. This implies that the price is at +6.11% from its lowest and at -0.23% from its highest.3.648
3.880
3.871
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NATURAL GAS in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
Bearish harami cross
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.393 | 3.503 | 3.738 | 3.871 | 3.951 | 5.012 | 6.111 |
| Change (%) | -12.35% | -9.51% | -3.44% | - | +2.07% | +29.48% | +57.87% |
| Change | -0.478 | -0.368 | -0.133 | - | +0.080 | +1.141 | +2.240 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Intermediate |
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 | 3.138 | 3.216 | 3.299 | 3.377 | 3.460 | 3.538 | 3.621 |
| Camarilla | 3.339 | 3.354 | 3.368 | 3.383 | 3.398 | 3.413 | 3.427 |
| Woodie | 3.142 | 3.217 | 3.303 | 3.378 | 3.464 | 3.539 | 3.625 |
| Fibonacci | 3.216 | 3.277 | 3.315 | 3.377 | 3.438 | 3.476 | 3.538 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.770 | 2.952 | 3.167 | 3.349 | 3.564 | 3.746 | 3.961 |
| Camarilla | 3.274 | 3.310 | 3.347 | 3.383 | 3.419 | 3.456 | 3.492 |
| Woodie | 2.788 | 2.960 | 3.185 | 3.357 | 3.582 | 3.754 | 3.979 |
| Fibonacci | 2.952 | 3.103 | 3.197 | 3.349 | 3.500 | 3.594 | 3.746 |
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 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): | 84.33 | |
| MACD (12,26,9): | 0.0340 | |
| Directional Movement: | 38.067 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 3.782 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.731 | |
| Elder Ray (13): | 0.069 | |
| Super Trend (3,10): | 3.762 | |
| Zig ZAG (10): | 3.832 | |
| VORTEX (21): | 1.3240 | |
| Stochastique (14,3,5): | 96.11 | |
| TEMA (21): | 3.792 | |
| Williams %R (14): | -6.00 | |
| Chande Momentum Oscillator (20): | 0.124 | |
| Repulse (5,40,3): | 1.3840 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0920 | |
| Courbe Coppock: | 5.18 |
| MA7: | 3.433 | |
| MA20: | 3.020 | |
| MA50: | 2.807 | |
| MA100: | 2.817 | |
| MAexp7: | 3.796 | |
| MAexp20: | 3.743 | |
| MAexp50: | 3.683 | |
| MAexp100: | 3.603 | |
| Price / MA7: | +12.76% | |
| Price / MA20: | +28.18% | |
| Price / MA50: | +37.91% | |
| Price / MA100: | +37.42% | |
| Price / MAexp7: | +1.98% | |
| Price / MAexp20: | +3.42% | |
| Price / MAexp50: | +5.10% | |
| Price / MAexp100: | +7.44% |
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:
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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
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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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