NATURAL GAS - 1H - Technical analysis published on 01/03/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 3.738 USD
My targets
3.503 USD (-2.18%)
3.349 USD (-6.49%)
My analysis
NATURAL GAS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.738 USD. The next support located at 3.503 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3.349 USD. Below this support, sellers could then target 3.221 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.5
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This analysis was given by Goncalo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NATURAL GAS rating 3.581 USD. The price registered a decrease of -2.16% on the session with the lowest point at 3.552 USD and the highest point at 3.680 USD. The deviation from the price is +0.82% for the low point and -2.69% for the high point.3.552
3.680
3.581
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NATURAL GAS chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bearish signal.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 2.947 | 3.221 | 3.503 | 3.581 | 3.738 | 3.951 | 4.201 |
Change (%) | -17.70% | -10.05% | -2.18% | - | +4.38% | +10.33% | +17.31% |
Change | -0.634 | -0.360 | -0.078 | - | +0.157 | +0.370 | +0.620 |
Level | Minor | Major | Major | - | Major | Major | 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 | 3.275 | 3.408 | 3.535 | 3.668 | 3.795 | 3.928 | 4.055 |
Camarilla | 3.591 | 3.614 | 3.638 | 3.662 | 3.686 | 3.710 | 3.734 |
Woodie | 3.272 | 3.407 | 3.532 | 3.667 | 3.792 | 3.927 | 4.052 |
Fibonacci | 3.408 | 3.507 | 3.569 | 3.668 | 3.767 | 3.829 | 3.928 |
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 | 1.036 | 1.782 | 2.708 | 3.454 | 4.380 | 5.126 | 6.052 |
Camarilla | 3.173 | 3.327 | 3.480 | 3.633 | 3.786 | 3.940 | 4.093 |
Woodie | 1.125 | 1.827 | 2.797 | 3.499 | 4.469 | 5.171 | 6.141 |
Fibonacci | 1.782 | 2.421 | 2.816 | 3.454 | 4.093 | 4.488 | 5.126 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 34.92 | |
MACD (12,26,9): | -0.0250 | |
Directional Movement: | -13.634 | |
AROON (14): | -85.714 | |
DEMA (21): | 3.615 | |
Parabolic SAR (0,02-0,02-0,2): | 3.759 | |
Elder Ray (13): | -0.073 | |
Super Trend (3,10): | 3.684 | |
Zig ZAG (10): | 3.560 | |
VORTEX (21): | 0.9020 | |
Stochastique (14,3,5): | 2.29 | |
TEMA (21): | 3.603 | |
Williams %R (14): | -94.78 | |
Chande Momentum Oscillator (20): | -0.137 | |
Repulse (5,40,3): | -1.3310 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0470 | |
Courbe Coppock: | 4.57 |
MA7: | 3.573 | |
MA20: | 3.177 | |
MA50: | 2.867 | |
MA100: | 2.841 | |
MAexp7: | 3.611 | |
MAexp20: | 3.653 | |
MAexp50: | 3.671 | |
MAexp100: | 3.621 | |
Price / MA7: | +0.22% | |
Price / MA20: | +12.72% | |
Price / MA50: | +24.90% | |
Price / MA100: | +26.05% | |
Price / MAexp7: | -0.83% | |
Price / MAexp20: | -1.97% | |
Price / MAexp50: | -2.45% | |
Price / MAexp100: | -1.10% |
Quotes :
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10 min delayed data
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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:
-
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.
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