UNITED STATES NATURAL GAS FUND LP - 1H - Technical analysis published on 08/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 31.73 USD
My targets
32.18 USD (+0.93%)
34.09 USD (+6.94%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on UNITED STATES NATURAL GAS FUND LP as long as the price remains well above 31.73 USD. The buyers' bullish objective is set at 32.18 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 34.09 USD. If there is any crossing, the next objective would be the resistance located at 39.32 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UNITED STATES NATURAL GAS FUND LP rating 31.88 USD. The price is lower by -1.21% since the last closing with the lowest point at 31.46 USD and the highest point at 32.65 USD. The deviation from the price is +1.34% for the low point and -2.36% for the high point.31.46
32.65
31.88
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by UNITED STATES NATURAL GAS FUND LP:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of UNITED STATES NATURAL GAS FUND LP in 1H shows a strongly overall 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.23 | 30.11 | 31.73 | 31.88 | 39.32 | 105.48 | 424.32 |
| Change (%) | -8.31% | -5.55% | -0.47% | - | +23.34% | +230.87% | +1,230.99% |
| Change | -2.65 | -1.77 | -0.15 | - | +7.44 | +73.60 | +392.44 |
| Level | Minor | Major | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.15 | 30.81 | 31.34 | 32.00 | 32.53 | 33.19 | 33.72 |
| Camarilla | 31.55 | 31.66 | 31.77 | 31.88 | 31.99 | 32.10 | 32.21 |
| Woodie | 30.10 | 30.78 | 31.29 | 31.97 | 32.48 | 33.16 | 33.67 |
| Fibonacci | 30.81 | 31.26 | 31.54 | 32.00 | 32.45 | 32.73 | 33.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.18 | 24.09 | 27.18 | 29.09 | 32.18 | 34.09 | 37.18 |
| Camarilla | 28.89 | 29.34 | 29.80 | 30.26 | 30.72 | 31.18 | 31.64 |
| Woodie | 22.76 | 24.39 | 27.76 | 29.39 | 32.76 | 34.39 | 37.76 |
| Fibonacci | 24.09 | 26.00 | 27.18 | 29.09 | 31.00 | 32.18 | 34.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.55 | 12.93 | 20.77 | 26.15 | 33.99 | 39.37 | 47.21 |
| Camarilla | 24.99 | 26.20 | 27.41 | 28.62 | 29.83 | 31.04 | 32.26 |
| Woodie | 8.79 | 13.55 | 22.01 | 26.77 | 35.23 | 39.99 | 48.45 |
| Fibonacci | 12.93 | 17.98 | 21.10 | 26.15 | 31.20 | 34.32 | 39.37 |
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): | 60.12 | |
| MACD (12,26,9): | 0.6200 | |
| Directional Movement: | 6.74 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 32.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.44 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 30.85 | |
| Zig ZAG (10): | 31.87 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 63.01 | |
| TEMA (21): | 32.29 | |
| Williams %R (14): | -51.66 | |
| Chande Momentum Oscillator (20): | 0.40 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3500 | |
| Courbe Coppock: | 9.57 |
| MA7: | 30.06 | |
| MA20: | 28.89 | |
| MA50: | 25.81 | |
| MA100: | 25.61 | |
| MAexp7: | 31.89 | |
| MAexp20: | 31.42 | |
| MAexp50: | 30.24 | |
| MAexp100: | 29.05 | |
| Price / MA7: | +6.05% | |
| Price / MA20: | +10.35% | |
| Price / MA50: | +23.52% | |
| Price / MA100: | +24.48% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +1.43% | |
| Price / MAexp50: | +5.39% | |
| Price / MAexp100: | +9.71% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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