NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	NG
ISIN:

NATURAL GAS - 1H - Technical analysis published on 03/22/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

44%

My opinion

Bearish under 1.713 USD

My targets

1.691 USD (-0.41%)

1.661 USD (-2.18%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.713 USD remains possible. It is advisable to trade NATURAL GAS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.713 USD. The next bearish objective for sellers is set at 1.691 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.661 USD. PS: if there is a bullish break in the resistance located at 1.713 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.4

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 adamrak12. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NATURAL GAS rating is 1.698 USD. The price registered an increase of +0.89% on the session with the lowest point at 1.684 USD and the highest point at 1.712 USD. The deviation from the price is +0.83% for the low point and -0.82% for the high point.

1.684

1.712

1.698

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	1.661	1.691	1.698	1.713	1.742	1.768
Change (%)	-2.18%	-0.41%	-	+0.88%	+2.59%	+4.12%
Change	-0.037	-0.007	-	+0.015	+0.044	+0.070
Level	Major	Minor	-	Intermediate	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	1.691	1.693	1.695	1.697	1.699	1.701	1.703
Camarilla	1.696	1.696	1.697	1.697	1.697	1.698	1.698
Woodie	1.691	1.693	1.695	1.697	1.699	1.701	1.703
Fibonacci	1.693	1.695	1.696	1.697	1.699	1.700	1.701

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.13
MACD (12,26,9):	-0.0010
Directional Movement:	-4.635
AROON (14):	64.285
DEMA (21):	1.692
Parabolic SAR (0,02-0,02-0,2):	1.673
Elder Ray (13):	0.004
Super Trend (3,10):	1.712
Zig ZAG (10):	1.699
VORTEX (21):	0.9580
Stochastique (14,3,5):	86.89
TEMA (21):	1.698
Williams %R (14):	-18.03
Chande Momentum Oscillator (20):	0.031
Repulse (5,40,3):	0.2480
ROCnROLL:	-1
TRIX (15,9):	-0.0400
Courbe Coppock:	1.45

MA7:	1.706
MA20:	1.781
MA50:	1.938
MA100:	2.134
MAexp7:	1.699
MAexp20:	1.696
MAexp50:	1.704
MAexp100:	1.713
Price / MA7:	-0.47%
Price / MA20:	-4.66%
Price / MA50:	-12.38%
Price / MA100:	-20.43%
Price / MAexp7:	-0.06%
Price / MAexp20:	+0.12%
Price / MAexp50:	-0.35%
Price / MAexp100:	-0.88%

Quotes : - 10 min delayed data - NYMEX Futures

News

The last news published on NATURAL GAS at the time of the generation of this analysis was as follows:

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

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