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 12/30/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 3.951 USD

My targets

4.435 USD (+11.86%)

5.012 USD (+26.41%)

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 3.951 USD. The next resistance located at 4.435 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 5.012 USD. After this resistance, buyers could then target 6.111 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, 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

8.9

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 gaganiva. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NATURAL GAS rating 3.965 USD. The price registered an increase of +17.20% on the session and was traded between 3.648 USD and 3.986 USD over the period. The price is currently at +8.69% from its lowest and -0.53% from its highest.

3.648

3.986

3.965

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead 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:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.503	3.738	3.951	3.965	5.012	6.111	10.361
Change (%)	-11.65%	-5.73%	-0.35%	-	+26.41%	+54.12%	+161.31%
Change	-0.462	-0.227	-0.014	-	+1.047	+2.146	+6.396
Level	Intermediate	Minor	Major	-	Minor	Intermediate	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	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	79.25
MACD (12,26,9):	0.0980
Directional Movement:	35.317
AROON (14):	100.000
DEMA (21):	3.764
Parabolic SAR (0,02-0,02-0,2):	3.410
Elder Ray (13):	0.112
Super Trend (3,10):	3.653
Zig ZAG (10):	3.837
VORTEX (21):	1.1230
Stochastique (14,3,5):	98.48
TEMA (21):	3.813
Williams %R (14):	-2.58
Chande Momentum Oscillator (20):	0.147
Repulse (5,40,3):	3.9990
ROCnROLL:	1
TRIX (15,9):	0.3620
Courbe Coppock:	16.84

MA7:	3.434
MA20:	3.020
MA50:	2.807
MA100:	2.817
MAexp7:	3.748
MAexp20:	3.641
MAexp50:	3.514
MAexp100:	3.407
Price / MA7:	+15.46%
Price / MA20:	+31.29%
Price / MA50:	+41.25%
Price / MA100:	+40.75%
Price / MAexp7:	+5.79%
Price / MAexp20:	+8.90%
Price / MAexp50:	+12.83%
Price / MAexp100:	+16.38%

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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