NATURAL GAS - 15 min. - Technical analysis published on 12/31/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 3.858 USD
My targets
3.746 USD (-1.56%)
3.656 USD (-3.92%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on NATURAL GAS as long as the price remains well below 3.858 USD. The next bearish objective for sellers is set at 3.746 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.656 USD. In case of crossing, the next objective would be the support located at 3.375 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.5
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This analysis was given by gaganiva. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NATURAL GAS rating 3.805 USD. The price registered a decrease of -3.33% on the session and was between 3.794 USD and 4.012 USD. This implies that the price is at +0.29% from its lowest and at -5.16% from its highest.3.794
4.012
3.805
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NATURAL GAS:
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 slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami cross
Type : Bullish
Timeframe : 15 minutes
Three black crows
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.221 | 3.503 | 3.749 | 3.805 | 3.951 | 4.201 | 5.012 |
| Change (%) | -15.35% | -7.94% | -1.47% | - | +3.84% | +10.41% | +31.72% |
| Change | -0.584 | -0.302 | -0.056 | - | +0.146 | +0.396 | +1.207 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Minor |
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 | 3.103 | 3.375 | 3.656 | 3.928 | 4.209 | 4.481 | 4.762 |
| Camarilla | 3.784 | 3.835 | 3.885 | 3.936 | 3.987 | 4.037 | 4.088 |
| Woodie | 3.107 | 3.377 | 3.660 | 3.930 | 4.213 | 4.483 | 4.766 |
| Fibonacci | 3.375 | 3.587 | 3.717 | 3.928 | 4.140 | 4.270 | 4.481 |
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): | 31.41 | |
| MACD (12,26,9): | -0.0090 | |
| Directional Movement: | -19.880 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 3.917 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.995 | |
| Elder Ray (13): | -0.086 | |
| Super Trend (3,10): | 3.938 | |
| Zig ZAG (10): | 3.829 | |
| VORTEX (21): | 0.8240 | |
| Stochastique (14,3,5): | 10.61 | |
| TEMA (21): | 3.900 | |
| Williams %R (14): | -88.10 | |
| Chande Momentum Oscillator (20): | -0.128 | |
| Repulse (5,40,3): | -2.6890 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0130 | |
| Courbe Coppock: | 2.67 |
| MA7: | 3.538 | |
| MA20: | 3.092 | |
| MA50: | 2.836 | |
| MA100: | 2.829 | |
| MAexp7: | 3.874 | |
| MAexp20: | 3.922 | |
| MAexp50: | 3.911 | |
| MAexp100: | 3.847 | |
| Price / MA7: | +7.55% | |
| Price / MA20: | +23.06% | |
| Price / MA50: | +34.17% | |
| Price / MA100: | +34.50% | |
| Price / MAexp7: | -1.78% | |
| Price / MAexp20: | -2.98% | |
| Price / MAexp50: | -2.71% | |
| Price / MAexp100: | -1.09% |
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
-
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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