NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	NG
ISIN:

NATURAL GAS - Daily - Technical analysis published on 12/30/2024 (GMT)

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Timeframe : Daily
- 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 3.738 USD

My targets

3.951 USD (+0.79%)

4.435 USD (+13.15%)

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 3.738 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 4.435 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.

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

8.6

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 3.920 USD. On the day, this instrument gained +15.87% with the lowest point at 3.648 USD and the highest point at 3.986 USD. The deviation from the price is +7.46% for the low point and -1.66% for the high point.

3.648

3.986

3.920

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

Technical analysis of NATURAL GAS in Daily shows a strongly overall bullish trend. 89.29% 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 is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.221	3.393	3.738	3.920	3.951	5.012	6.111
Change (%)	-17.83%	-13.44%	-4.64%	-	+0.79%	+27.86%	+55.89%
Change	-0.699	-0.527	-0.182	-	+0.031	+1.092	+2.191
Level	Intermediate	Minor	Minor	-	Major	Minor	Intermediate

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):	73.20
MACD (12,26,9):	0.2240
Directional Movement:	25.014
AROON (14):	100.000
DEMA (21):	3.412
Parabolic SAR (0,02-0,02-0,2):	3.114
Elder Ray (13):	0.533
Super Trend (3,10):	3.067
Zig ZAG (10):	3.947
VORTEX (21):	1.0770
Stochastique (14,3,5):	85.61
TEMA (21):	3.579
Williams %R (14):	-1.34
Chande Momentum Oscillator (20):	0.926
Repulse (5,40,3):	9.5610
ROCnROLL:	1
TRIX (15,9):	0.7170
Courbe Coppock:	51.46

MA7:	3.450
MA20:	3.026
MA50:	2.809
MA100:	2.818
MAexp7:	3.459
MAexp20:	3.158
MAexp50:	2.948
MAexp100:	2.917
Price / MA7:	+13.62%
Price / MA20:	+29.54%
Price / MA50:	+39.55%
Price / MA100:	+39.11%
Price / MAexp7:	+13.33%
Price / MAexp20:	+24.13%
Price / MAexp50:	+32.97%
Price / MAexp100:	+34.38%

Quotes : - 10 min delayed data - 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:

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

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