NATURAL GAS - Daily - Technical analysis published on 01/31/2025 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 3.003 USD
My targets
3.139 USD (+1.40%)
3.299 USD (+6.56%)
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 3.003 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 3.003 USD. The next bullish objective for buyers is set at 3.139 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.299 USD. If there is any crossing, the next objective would be the resistance located at 3.497 USD. PS: if there is a bearish break in the support located at 3.003 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.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.1
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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 3.096 USD. The price registered an increase of +1.61% on the session and was traded between 3.072 USD and 3.118 USD over the period. The price is currently at +0.78% from its lowest and -0.71% from its highest.3.072
3.118
3.096
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this NATURAL GAS chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.317 | 2.771 | 2.932 | 3.096 | 3.299 | 3.497 | 3.807 |
| Change (%) | -25.16% | -10.50% | -5.30% | - | +6.56% | +12.95% | +22.97% |
| Change | -0.779 | -0.325 | -0.164 | - | +0.203 | +0.401 | +0.711 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | 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 | 2.770 | 2.902 | 2.975 | 3.107 | 3.180 | 3.312 | 3.385 |
| Camarilla | 2.991 | 3.009 | 3.028 | 3.047 | 3.066 | 3.085 | 3.103 |
| Woodie | 2.740 | 2.887 | 2.945 | 3.092 | 3.150 | 3.297 | 3.355 |
| Fibonacci | 2.902 | 2.981 | 3.029 | 3.107 | 3.186 | 3.234 | 3.312 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.019 | 3.139 | 3.358 | 3.478 | 3.697 | 3.817 | 4.036 |
| Camarilla | 3.483 | 3.514 | 3.545 | 3.576 | 3.607 | 3.638 | 3.669 |
| Woodie | 3.068 | 3.164 | 3.407 | 3.503 | 3.746 | 3.842 | 4.085 |
| Fibonacci | 3.139 | 3.269 | 3.349 | 3.478 | 3.608 | 3.688 | 3.817 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.585 | 1.331 | 2.257 | 3.003 | 3.929 | 4.675 | 5.601 |
| Camarilla | 2.722 | 2.876 | 3.029 | 3.182 | 3.335 | 3.489 | 3.642 |
| Woodie | 0.674 | 1.376 | 2.346 | 3.048 | 4.018 | 4.720 | 5.690 |
| Fibonacci | 1.331 | 1.970 | 2.365 | 3.003 | 3.642 | 4.037 | 4.675 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.55 | |
| MACD (12,26,9): | 0.0640 | |
| Directional Movement: | 4.826 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 3.378 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.818 | |
| Elder Ray (13): | -0.169 | |
| Super Trend (3,10): | 2.771 | |
| Zig ZAG (10): | 3.100 | |
| VORTEX (21): | 0.9350 | |
| Stochastique (14,3,5): | 7.19 | |
| TEMA (21): | 3.266 | |
| Williams %R (14): | -92.40 | |
| Chande Momentum Oscillator (20): | -0.532 | |
| Repulse (5,40,3): | -3.4560 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.7550 | |
| Courbe Coppock: | 7.77 |
| MA7: | 3.250 | |
| MA20: | 3.355 | |
| MA50: | 2.897 | |
| MA100: | 2.607 | |
| MAexp7: | 3.206 | |
| MAexp20: | 3.244 | |
| MAexp50: | 2.992 | |
| MAexp100: | 2.776 | |
| Price / MA7: | -4.74% | |
| Price / MA20: | -7.72% | |
| Price / MA50: | +6.87% | |
| Price / MA100: | +18.76% | |
| Price / MAexp7: | -3.43% | |
| Price / MAexp20: | -4.56% | |
| Price / MAexp50: | +3.48% | |
| Price / MAexp100: | +11.53% |
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
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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
-
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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