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 02/15/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 2.867 USD

My targets

3.206 USD (+6.94%)

3.354 USD (+11.87%)

My analysis

The bullish trend is currently very strong on NATURAL GAS. As long as the price remains above the support at 2.867 USD, you could try to benefit from the boom. The first bullish objective is located at 3.206 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.354 USD as an objective. Crossing it would then enable buyers to target 3.509 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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

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

Additional analysis

Quotes

The NATURAL GAS rating is 2.998 USD. On the day, this instrument gained +2.95% and was traded between 2.976 USD and 3.051 USD over the period. The price is currently at +0.74% from its lowest and -1.74% from its highest.

2.976

3.051

2.998

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NATURAL GAS indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.834	2.525	2.867	2.998	3.354	3.509	4.837
Change (%)	-38.83%	-15.78%	-4.37%	-	+11.87%	+17.04%	+61.34%
Change	-1.164	-0.473	-0.131	-	+0.356	+0.511	+1.839
Level	Intermediate	Major	Major	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.682	2.758	2.835	2.911	2.988	3.064	3.141
Camarilla	2.870	2.884	2.898	2.912	2.926	2.940	2.954
Woodie	2.683	2.758	2.836	2.911	2.989	3.064	3.142
Fibonacci	2.758	2.816	2.853	2.911	2.969	3.006	3.064

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.450	2.595	2.754	2.899	3.058	3.203	3.362
Camarilla	2.828	2.856	2.884	2.912	2.940	2.968	2.996
Woodie	2.456	2.599	2.760	2.903	3.064	3.207	3.368
Fibonacci	2.595	2.712	2.783	2.899	3.016	3.087	3.203

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.058	2.236	2.543	2.721	3.028	3.206	3.513
Camarilla	2.717	2.761	2.806	2.850	2.895	2.939	2.983
Woodie	2.123	2.268	2.608	2.753	3.093	3.238	3.578
Fibonacci	2.236	2.421	2.536	2.721	2.906	3.021	3.206

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):	62.17
MACD (12,26,9):	0.0780
Directional Movement:	14.758
AROON (14):	35.714
DEMA (21):	2.891
Parabolic SAR (0,02-0,02-0,2):	2.666
Elder Ray (13):	0.168
Super Trend (3,10):	2.511
Zig ZAG (10):	2.995
VORTEX (21):	0.9970
Stochastique (14,3,5):	75.16
TEMA (21):	2.958
Williams %R (14):	-8.55
Chande Momentum Oscillator (20):	0.350
Repulse (5,40,3):	-2.3050
ROCnROLL:	1
TRIX (15,9):	0.3050
Courbe Coppock:	25.00

MA7:	2.897
MA20:	2.744
MA50:	2.665
MA100:	2.750
MAexp7:	2.903
MAexp20:	2.801
MAexp50:	2.729
MAexp100:	2.646
Price / MA7:	+3.49%
Price / MA20:	+9.26%
Price / MA50:	+12.50%
Price / MA100:	+9.02%
Price / MAexp7:	+3.27%
Price / MAexp20:	+7.03%
Price / MAexp50:	+9.86%
Price / MAexp100:	+13.30%

Quotes : 2021-02-15 12:24:44 - 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:

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

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