NATURAL GAS - 15 min. - Technical analysis published on 03/13/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 1.704 USD
My targets
1.611 USD (-2.85%)
1.530 USD (-7.70%)
My analysis
The bearish trend is currently very strong for NATURAL GAS. As long as the price remains below the resistance at 1.704 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.611 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.530 USD as an objective. 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 not called into question, despite technical indicators being neutral.
Force
0
10
7.5
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Additional analysis
Quotes
The NATURAL GAS rating is 1.658 USD. The price is lower by -3.27% since the last closing and was traded between 1.658 USD and 1.717 USD over the period. The price is currently at 0% from its lowest and -3.44% from its highest.1.658
1.717
1.658
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of NATURAL GAS indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 15 minutes
On the 18 technical indicators analysed, 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 1.658 | 1.691 | 1.745 | 1.840 |
| Change (%) | - | +1.99% | +5.25% | +10.98% |
| Change | - | +0.033 | +0.087 | +0.182 |
| Level | - | Intermediate | Major | Major |
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 | 1.530 | 1.611 | 1.662 | 1.743 | 1.794 | 1.875 | 1.926 |
| Camarilla | 1.678 | 1.690 | 1.702 | 1.714 | 1.726 | 1.738 | 1.750 |
| Woodie | 1.516 | 1.604 | 1.648 | 1.736 | 1.780 | 1.868 | 1.912 |
| Fibonacci | 1.611 | 1.661 | 1.692 | 1.743 | 1.793 | 1.824 | 1.875 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.68 | |
| MACD (12,26,9): | -0.0080 | |
| Directional Movement: | 7.340 | |
| AROON (14): | -100.000 | |
| DEMA (21): | 1.677 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.707 | |
| Elder Ray (13): | -0.015 | |
| Super Trend (3,10): | 1.705 | |
| Zig ZAG (10): | 1.664 | |
| VORTEX (21): | 0.8650 | |
| Stochastique (14,3,5): | 19.70 | |
| TEMA (21): | 1.670 | |
| Williams %R (14): | -91.49 | |
| Chande Momentum Oscillator (20): | -0.030 | |
| Repulse (5,40,3): | -1.3510 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0580 | |
| Courbe Coppock: | 2.79 |
| MA7: | 1.808 | |
| MA20: | 1.793 | |
| MA50: | 2.065 | |
| MA100: | 2.226 | |
| MAexp7: | 1.675 | |
| MAexp20: | 1.688 | |
| MAexp50: | 1.699 | |
| MAexp100: | 1.714 | |
| Price / MA7: | -8.30% | |
| Price / MA20: | -7.53% | |
| Price / MA50: | -19.71% | |
| Price / MA100: | -25.52% | |
| Price / MAexp7: | -1.01% | |
| Price / MAexp20: | -1.78% | |
| Price / MAexp50: | -2.41% | |
| Price / MAexp100: | -3.27% |
Quotes :
-
10 min delayed data
-
NYMEX Futures
News
The latest news and videos published on NATURAL GAS at the time of the analysis were as follows:
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Natural gas Prices forecast for the week of December 12 2016, Technical Analysis
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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
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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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