NATURAL GAS - 1H - Technical analysis published on 03/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1.713 USD
My targets
1.745 USD (+0.35%)
1.841 USD (+5.87%)
My analysis
The basic trend is currently slightly bullish on NATURAL GAS and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 1.713 USD, purchases could be favourable. The first bullish objective would be the resistance located at 1.745 USD. Then the price could move towards 1.841 USD. Then 1.983 USD by extension. A return under the support to 1.713 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
4.5
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This analysis was given by adamrak12. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NATURAL GAS rating is 1.739 USD. On the day, this instrument gained +5.08% with the lowest point at 1.684 USD and the highest point at 1.747 USD. The deviation from the price is +3.27% for the low point and -0.46% for the high point.1.684
1.747
1.739
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 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
A technical analysis in 1H of this NATURAL GAS chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 1.643 | 1.691 | 1.739 | 1.745 | 1.841 | 1.983 |
Change (%) | -5.52% | -2.76% | - | +0.35% | +5.87% | +14.03% |
Change | -0.096 | -0.048 | - | +0.006 | +0.102 | +0.244 |
Level | Intermediate | Minor | - | Major | 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 | 1.481 | 1.564 | 1.609 | 1.692 | 1.737 | 1.820 | 1.865 |
Camarilla | 1.620 | 1.632 | 1.643 | 1.655 | 1.667 | 1.679 | 1.690 |
Woodie | 1.463 | 1.555 | 1.591 | 1.683 | 1.719 | 1.811 | 1.847 |
Fibonacci | 1.564 | 1.613 | 1.643 | 1.692 | 1.741 | 1.771 | 1.820 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.387 | 1.515 | 1.585 | 1.713 | 1.783 | 1.911 | 1.981 |
Camarilla | 1.601 | 1.619 | 1.637 | 1.655 | 1.673 | 1.691 | 1.710 |
Woodie | 1.358 | 1.501 | 1.556 | 1.699 | 1.754 | 1.897 | 1.952 |
Fibonacci | 1.515 | 1.591 | 1.637 | 1.713 | 1.789 | 1.835 | 1.911 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 57.62 | |
MACD (12,26,9): | -0.0010 | |
Directional Movement: | 10.368 | |
AROON (14): | -42.857 | |
DEMA (21): | 1.710 | |
Parabolic SAR (0,02-0,02-0,2): | 1.655 | |
Elder Ray (13): | 0.024 | |
Super Trend (3,10): | 1.666 | |
Zig ZAG (10): | 1.738 | |
VORTEX (21): | 0.9330 | |
Stochastique (14,3,5): | 71.09 | |
TEMA (21): | 1.707 | |
Williams %R (14): | -18.75 | |
Chande Momentum Oscillator (20): | 0.050 | |
Repulse (5,40,3): | 1.2170 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0440 | |
Courbe Coppock: | 3.35 |
MA7: | 1.725 | |
MA20: | 1.796 | |
MA50: | 2.020 | |
MA100: | 2.188 | |
MAexp7: | 1.717 | |
MAexp20: | 1.712 | |
MAexp50: | 1.713 | |
MAexp100: | 1.729 | |
Price / MA7: | +0.81% | |
Price / MA20: | -3.17% | |
Price / MA50: | -13.91% | |
Price / MA100: | -20.52% | |
Price / MAexp7: | +1.28% | |
Price / MAexp20: | +1.58% | |
Price / MAexp50: | +1.52% | |
Price / MAexp100: | +0.58% |
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:
- 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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