NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	NG
ISIN:

NATURAL GAS - Daily - Technical analysis published on 03/13/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 1.745 USD

My targets

1.602 USD (-6.30%)

1.563 USD (-8.58%)

My analysis

The bearish trend is currently very strong for NATURAL GAS. As long as the price remains below the resistance at 1.745 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.602 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.563 USD as an objective. Crossing it would then enable sellers to target 1.292 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.1

Comment on the analysis

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 KBPRASAD. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NATURAL GAS price is 1.710 USD. The price is lower by -0.23% since the last closing and was between 1.703 USD and 1.717 USD. This implies that the price is at +0.41% from its lowest and at -0.41% from its highest.

1.703

1.717

1.710

Here is a more detailed summary of the historical variations registered by NATURAL GAS:

Technical

Technical analysis of this Daily chart of NATURAL GAS indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	1.710	1.745	1.983	2.860
Change (%)	-	+2.05%	+15.96%	+67.25%
Change	-	+0.035	+0.273	+1.150
Level	-	Major	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.706	1.707	1.709	1.710	1.712	1.713	1.715
Camarilla	1.710	1.711	1.711	1.711	1.711	1.712	1.712
Woodie	1.707	1.707	1.710	1.710	1.713	1.713	1.716
Fibonacci	1.707	1.708	1.709	1.710	1.711	1.712	1.713

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.450	1.602	1.704	1.856	1.958	2.110	2.212
Camarilla	1.735	1.758	1.782	1.805	1.828	1.852	1.875
Woodie	1.424	1.590	1.678	1.844	1.932	2.098	2.186
Fibonacci	1.602	1.699	1.759	1.856	1.953	2.013	2.110

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.958	1.292	1.563	1.897	2.168	2.502	2.773
Camarilla	1.669	1.724	1.780	1.835	1.891	1.946	2.001
Woodie	0.928	1.276	1.533	1.881	2.138	2.486	2.743
Fibonacci	1.292	1.523	1.666	1.897	2.128	2.271	2.502

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):	39.17
MACD (12,26,9):	-0.0670
Directional Movement:	-8.512
AROON (14):	50.000
DEMA (21):	1.731
Parabolic SAR (0,02-0,02-0,2):	1.958
Elder Ray (13):	-0.084
Super Trend (3,10):	2.005
Zig ZAG (10):	1.708
VORTEX (21):	0.9270
Stochastique (14,3,5):	7.02
TEMA (21):	1.741
Williams %R (14):	-94.03
Chande Momentum Oscillator (20):	-0.097
Repulse (5,40,3):	-4.7380
ROCnROLL:	2
TRIX (15,9):	-0.5070
Courbe Coppock:	1.50

MA7:	1.812
MA20:	1.794
MA50:	2.066
MA100:	2.226
MAexp7:	1.777
MAexp20:	1.837
MAexp50:	1.983
MAexp100:	2.192
Price / MA7:	-5.63%
Price / MA20:	-4.68%
Price / MA50:	-17.23%
Price / MA100:	-23.18%
Price / MAexp7:	-3.77%
Price / MAexp20:	-6.91%
Price / MAexp50:	-13.77%
Price / MAexp100:	-21.99%

Quotes : - 10 min delayed data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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