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 03/08/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Slightly bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 2.756 USD

My targets

2.544 USD (-6.19%)

2.311 USD (-14.79%)

My analysis

NATURAL GAS is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 2.756 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 2.544 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 2.311 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 2.152 USD. Beware of a possible return to above the resistance located at 2.756 USD which would be a sign of a correction of the short-term bearish excesses registered.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

3.4

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

Additional analysis

Quotes

The NATURAL GAS rating is 2.712 USD. The price has increased by +0.41% since the last closing and was between 2.686 USD and 2.734 USD. This implies that the price is at +0.97% from its lowest and at -0.80% from its highest.

2.686

2.734

2.712

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

Here is a more detailed summary of the historical variations registered by NATURAL GAS:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NATURAL GAS chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.834	2.152	2.525	2.712	2.867	3.354	3.509
Change (%)	-32.37%	-20.65%	-6.90%	-	+5.72%	+23.67%	+29.39%
Change	-0.878	-0.560	-0.187	-	+0.155	+0.642	+0.797
Level	Intermediate	Minor	Major	-	Major	Intermediate	Minor

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	2.596	2.638	2.670	2.712	2.744	2.786	2.818
Camarilla	2.681	2.687	2.694	2.701	2.708	2.715	2.721
Woodie	2.590	2.636	2.664	2.710	2.738	2.784	2.812
Fibonacci	2.638	2.667	2.684	2.712	2.741	2.758	2.786

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.420	2.550	2.626	2.756	2.832	2.962	3.038
Camarilla	2.644	2.663	2.682	2.701	2.720	2.739	2.758
Woodie	2.392	2.537	2.598	2.743	2.804	2.949	3.010
Fibonacci	2.550	2.629	2.678	2.756	2.835	2.884	2.962

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.925	2.311	2.544	2.930	3.163	3.549	3.782
Camarilla	2.607	2.664	2.720	2.777	2.834	2.891	2.947
Woodie	1.849	2.273	2.468	2.892	3.087	3.511	3.706
Fibonacci	2.311	2.548	2.694	2.930	3.167	3.313	3.549

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):	43.10
MACD (12,26,9):	-0.0160
Directional Movement:	-0.306
AROON (14):	-85.714
DEMA (21):	2.822
Parabolic SAR (0,02-0,02-0,2):	2.953
Elder Ray (13):	-0.098
Super Trend (3,10):	2.640
Zig ZAG (10):	2.713
VORTEX (21):	0.9020
Stochastique (14,3,5):	5.95
TEMA (21):	2.767
Williams %R (14):	-95.12
Chande Momentum Oscillator (20):	-0.370
Repulse (5,40,3):	-1.7790
ROCnROLL:	2
TRIX (15,9):	0.1350
Courbe Coppock:	15.40

MA7:	2.766
MA20:	2.890
MA50:	2.751
MA100:	2.790
MAexp7:	2.767
MAexp20:	2.822
MAexp50:	2.789
MAexp100:	2.704
Price / MA7:	-1.95%
Price / MA20:	-6.16%
Price / MA50:	-1.42%
Price / MA100:	-2.80%
Price / MAexp7:	-1.99%
Price / MAexp20:	-3.90%
Price / MAexp50:	-2.76%
Price / MAexp100:	+0.30%

Quotes : 2021-03-08 10:06:00 - 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:

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

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