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 (+0.46%)
1.841 USD (+5.99%)
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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
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
NATURAL GAS rating 1.737 USD. The price has increased by +4.96% since the last closing and was between 1.684 USD and 1.747 USD. This implies that the price is at +3.15% from its lowest and at -0.57% from its highest.1.684
1.747
1.737
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 NATURAL GAS in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
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 | 1.737 | 1.745 | 1.841 | 1.983 |
| Change (%) | -5.41% | -2.65% | - | +0.46% | +5.99% | +14.16% |
| Change | -0.094 | -0.046 | - | +0.008 | +0.104 | +0.246 |
| 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: | +0.70% | |
| Price / MA20: | -3.29% | |
| Price / MA50: | -14.01% | |
| Price / MA100: | -20.61% | |
| Price / MAexp7: | +1.16% | |
| Price / MAexp20: | +1.46% | |
| Price / MAexp50: | +1.40% | |
| Price / MAexp100: | +0.46% |
Quotes :
-
10 min delayed data
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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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