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 05/03/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 2.867 USD

My targets

3.128 USD (+5.69%)

3.354 USD (+13.31%)

My analysis

NATURAL GAS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.867 USD. The next resistance located at 3.128 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.354 USD. After this resistance, buyers could then target 3.509 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

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 2.960 USD. On the day, this instrument gained +0.99% and was traded between 2.900 USD and 2.975 USD over the period. The price is currently at +2.07% from its lowest and -0.50% from its highest.

2.900

2.975

2.960

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

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 an element:

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. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.525	2.650	2.867	2.960	3.354	3.509	4.837
Change (%)	-14.70%	-10.47%	-3.14%	-	+13.31%	+18.55%	+63.41%
Change	-0.435	-0.310	-0.093	-	+0.394	+0.549	+1.877
Level	Major	Intermediate	Major	-	Major	Minor	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	2.823	2.857	2.894	2.928	2.965	2.999	3.036
Camarilla	2.912	2.918	2.925	2.931	2.938	2.944	2.951
Woodie	2.825	2.858	2.896	2.929	2.967	3.000	3.038
Fibonacci	2.857	2.884	2.901	2.928	2.955	2.972	2.999

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.470	2.585	2.758	2.873	3.046	3.161	3.334
Camarilla	2.852	2.878	2.905	2.931	2.957	2.984	3.010
Woodie	2.499	2.600	2.787	2.888	3.075	3.176	3.363
Fibonacci	2.585	2.695	2.763	2.873	2.983	3.051	3.161

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.058	2.256	2.593	2.791	3.128	3.326	3.663
Camarilla	2.784	2.833	2.882	2.931	2.980	3.029	3.078
Woodie	2.129	2.291	2.664	2.826	3.199	3.361	3.734
Fibonacci	2.256	2.460	2.586	2.791	2.995	3.121	3.326

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):	68.17
MACD (12,26,9):	0.0840
Directional Movement:	15.897
AROON (14):	78.571
DEMA (21):	2.865
Parabolic SAR (0,02-0,02-0,2):	2.819
Elder Ray (13):	0.115
Super Trend (3,10):	2.705
Zig ZAG (10):	2.960
VORTEX (21):	1.1170
Stochastique (14,3,5):	87.96
TEMA (21):	2.949
Williams %R (14):	-6.42
Chande Momentum Oscillator (20):	0.301
Repulse (5,40,3):	2.5950
ROCnROLL:	1
TRIX (15,9):	0.2710
Courbe Coppock:	24.31

MA7:	2.890
MA20:	2.715
MA50:	2.680
MA100:	2.699
MAexp7:	2.891
MAexp20:	2.773
MAexp50:	2.716
MAexp100:	2.687
Price / MA7:	+2.42%
Price / MA20:	+9.02%
Price / MA50:	+10.45%
Price / MA100:	+9.67%
Price / MAexp7:	+2.39%
Price / MAexp20:	+6.74%
Price / MAexp50:	+8.98%
Price / MAexp100:	+10.16%

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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