NATURAL GAS - 1H - Technical analysis published on 12/31/2024 (GMT)
- 78
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
50%
39%
My opinion
Bullish above 3.746 USD
My targets
3.858 USD (+2.71%)
3.951 USD (+5.19%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 3.746 USD remains possible. It is advisable to trade NATURAL GAS with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3.746 USD. The next bullish objective for buyers is set at 3.858 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.951 USD. If there is any crossing, the next objective would be the resistance located at 4.201 USD. PS: if there is a bearish break in the support located at 3.746 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.3
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
The NATURAL GAS rating is 3.756 USD. The price registered a decrease of -4.57% on the session with the lowest point at 3.744 USD and the highest point at 4.012 USD. The deviation from the price is +0.32% for the low point and -6.38% for the high point.3.744
4.012
3.756
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
Technical analysis of NATURAL GAS in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 3.221 | 3.503 | 3.749 | 3.756 | 3.951 | 4.201 | 5.012 |
| Change (%) | -14.24% | -6.74% | -0.19% | - | +5.19% | +11.85% | +33.44% |
| Change | -0.535 | -0.253 | -0.007 | - | +0.195 | +0.445 | +1.256 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
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): | 44.22 | |
| MACD (12,26,9): | 0.0160 | |
| Directional Movement: | -0.595 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 3.882 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.055 | |
| Elder Ray (13): | -0.075 | |
| Super Trend (3,10): | 3.985 | |
| Zig ZAG (10): | 3.762 | |
| VORTEX (21): | 0.9870 | |
| Stochastique (14,3,5): | 7.79 | |
| TEMA (21): | 3.820 | |
| Williams %R (14): | -93.28 | |
| Chande Momentum Oscillator (20): | -0.154 | |
| Repulse (5,40,3): | -1.8410 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2150 | |
| Courbe Coppock: | 5.62 |
| MA7: | 3.515 | |
| MA20: | 3.083 | |
| MA50: | 2.832 | |
| MA100: | 2.827 | |
| MAexp7: | 3.811 | |
| MAexp20: | 3.838 | |
| MAexp50: | 3.728 | |
| MAexp100: | 3.575 | |
| Price / MA7: | +6.86% | |
| Price / MA20: | +21.83% | |
| Price / MA50: | +32.63% | |
| Price / MA100: | +32.86% | |
| Price / MAexp7: | -1.44% | |
| Price / MAexp20: | -2.14% | |
| Price / MAexp50: | +0.75% | |
| Price / MAexp100: | +5.06% |
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:
-
Natural gas Prices forecast for the week of December 12 2016, Technical Analysis
-
Natural Gas Technical Analysis for December 12 2016 by FXEmpire.com
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NATURAL GAS - 1H