NATURAL GAS - 15 min. - Technical analysis published on 12/30/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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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 3.961 USD
My targets
4.435 USD (+7.52%)
5.012 USD (+21.50%)
My analysis
The bullish trend is currently very strong on NATURAL GAS. As long as the price remains above the support at 3.961 USD, you could try to benefit from the boom. The first bullish objective is located at 4.435 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.012 USD as an objective. Crossing it would then enable buyers to target 6.111 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
The NATURAL GAS rating is 4.125 USD. The price registered an increase of +21.93% on the session and was between 3.648 USD and 4.128 USD. This implies that the price is at +13.08% from its lowest and at -0.07% from its highest.3.648
4.128
4.125
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. The overall trend is supported by the strong bullish signals from 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 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.503 | 3.738 | 3.951 | 4.125 | 5.012 | 6.111 | 10.361 |
| Change (%) | -15.08% | -9.38% | -4.22% | - | +21.50% | +48.15% | +151.18% |
| Change | -0.622 | -0.387 | -0.174 | - | +0.887 | +1.986 | +6.236 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.138 | 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 72.57 | |
| MACD (12,26,9): | 0.0710 | |
| Directional Movement: | 28.943 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 3.944 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.889 | |
| Elder Ray (13): | 0.088 | |
| Super Trend (3,10): | 3.856 | |
| Zig ZAG (10): | 4.004 | |
| VORTEX (21): | 1.3580 | |
| Stochastique (14,3,5): | 93.42 | |
| TEMA (21): | 3.985 | |
| Williams %R (14): | -1.43 | |
| Chande Momentum Oscillator (20): | 0.244 | |
| Repulse (5,40,3): | 2.6130 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2160 | |
| Courbe Coppock: | 12.34 |
| MA7: | 3.472 | |
| MA20: | 3.032 | |
| MA50: | 2.811 | |
| MA100: | 2.819 | |
| MAexp7: | 3.965 | |
| MAexp20: | 3.855 | |
| MAexp50: | 3.754 | |
| MAexp100: | 3.653 | |
| Price / MA7: | +18.81% | |
| Price / MA20: | +36.05% | |
| Price / MA50: | +46.74% | |
| Price / MA100: | +46.33% | |
| Price / MAexp7: | +4.06% | |
| Price / MAexp20: | +7.03% | |
| Price / MAexp50: | +9.91% | |
| Price / MAexp100: | +12.95% |
Quotes :
-
10 min delayed data
-
NYMEX Futures
News
The last news published on NATURAL GAS at the time of the generation of this analysis 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
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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
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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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