NATURAL GAS - Daily - Technical analysis published on 01/19/2025 (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
67%
17%
17%
My opinion
Bullish above 3.454 USD
My targets
4.380 USD (+10.93%)
4.787 USD (+21.24%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NATURAL GAS as long as the price remains well above 3.454 USD. The buyers' bullish objective is set at 4.380 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.787 USD. If there is any crossing, the next objective would be the resistance located at 5.012 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
7.7
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This analysis was given by Sarwar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NATURAL GAS rating is 3.948 USD. The price registered a decrease of -7.28% on the session and was traded between 3.910 USD and 4.308 USD over the period. The price is currently at +0.97% from its lowest and -8.36% from its highest.3.910
4.308
3.948
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NATURAL GAS:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this NATURAL GAS chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.222 | 3.383 | 3.945 | 3.948 | 5.012 | 6.111 | 10.361 |
| Change (%) | -18.39% | -14.31% | -0.08% | - | +26.95% | +54.79% | +162.44% |
| Change | -0.726 | -0.565 | -0.003 | - | +1.064 | +2.163 | +6.413 |
| Level | Minor | Major | 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 | 3.765 | 3.891 | 4.075 | 4.201 | 4.385 | 4.511 | 4.695 |
| Camarilla | 4.173 | 4.201 | 4.230 | 4.258 | 4.286 | 4.315 | 4.343 |
| Woodie | 3.793 | 3.906 | 4.103 | 4.216 | 4.413 | 4.526 | 4.723 |
| Fibonacci | 3.891 | 4.010 | 4.083 | 4.201 | 4.320 | 4.393 | 4.511 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.014 | 3.220 | 3.605 | 3.811 | 4.196 | 4.402 | 4.787 |
| Camarilla | 3.827 | 3.881 | 3.935 | 3.989 | 4.043 | 4.097 | 4.152 |
| Woodie | 3.103 | 3.265 | 3.694 | 3.856 | 4.285 | 4.447 | 4.876 |
| Fibonacci | 3.220 | 3.446 | 3.586 | 3.811 | 4.037 | 4.177 | 4.402 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.29 | |
| MACD (12,26,9): | 0.2730 | |
| Directional Movement: | 17.676 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 4.023 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.411 | |
| Elder Ray (13): | 0.292 | |
| Super Trend (3,10): | 3.222 | |
| Zig ZAG (10): | 3.916 | |
| VORTEX (21): | 1.0880 | |
| Stochastique (14,3,5): | 73.46 | |
| TEMA (21): | 4.130 | |
| Williams %R (14): | -43.60 | |
| Chande Momentum Oscillator (20): | 0.283 | |
| Repulse (5,40,3): | -8.0410 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.1540 | |
| Courbe Coppock: | 31.77 |
| MA7: | 3.978 | |
| MA20: | 3.671 | |
| MA50: | 3.133 | |
| MA100: | 2.954 | |
| MAexp7: | 3.956 | |
| MAexp20: | 3.671 | |
| MAexp50: | 3.301 | |
| MAexp100: | 3.116 | |
| Price / MA7: | -0.75% | |
| Price / MA20: | +7.55% | |
| Price / MA50: | +26.01% | |
| Price / MA100: | +33.65% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | +7.55% | |
| Price / MAexp50: | +19.60% | |
| Price / MAexp100: | +26.70% |
Quotes :
-
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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