NATURAL GAS - 1H - Technical analysis published on 06/10/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 3.108 USD
My targets
3.168 USD (+0.57%)
3.198 USD (+1.52%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NATURAL GAS. As long as you are above the support located at 3.108 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 3.168 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 3.198 USD as an objective. Crossing it would then enable buyers to target 3.230 USD. If the support 3.108 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2
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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 3.150 USD. The price registered an increase of +0.67% on the session and was between 3.138 USD and 3.169 USD. This implies that the price is at +0.38% from its lowest and at -0.60% from its highest.3.138
3.169
3.150
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 NATURAL GAS in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.867 | 3.033 | 3.108 | 3.150 | 3.168 | 3.198 | 3.230 |
| Change (%) | -8.98% | -3.71% | -1.33% | - | +0.57% | +1.52% | +2.54% |
| Change | -0.283 | -0.117 | -0.042 | - | +0.018 | +0.048 | +0.080 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 3.039 | 3.072 | 3.101 | 3.134 | 3.163 | 3.196 | 3.225 |
| Camarilla | 3.112 | 3.118 | 3.123 | 3.129 | 3.135 | 3.140 | 3.146 |
| Woodie | 3.036 | 3.071 | 3.098 | 3.133 | 3.160 | 3.195 | 3.222 |
| Fibonacci | 3.072 | 3.096 | 3.111 | 3.134 | 3.158 | 3.173 | 3.196 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.881 | 2.946 | 3.021 | 3.086 | 3.161 | 3.226 | 3.301 |
| Camarilla | 3.059 | 3.071 | 3.084 | 3.097 | 3.110 | 3.123 | 3.136 |
| Woodie | 2.887 | 2.949 | 3.027 | 3.089 | 3.167 | 3.229 | 3.307 |
| Fibonacci | 2.946 | 2.999 | 3.032 | 3.086 | 3.139 | 3.172 | 3.226 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.589 | 2.711 | 2.907 | 3.029 | 3.225 | 3.347 | 3.543 |
| Camarilla | 3.017 | 3.046 | 3.075 | 3.104 | 3.133 | 3.162 | 3.192 |
| Woodie | 2.627 | 2.730 | 2.945 | 3.048 | 3.263 | 3.366 | 3.581 |
| Fibonacci | 2.711 | 2.832 | 2.907 | 3.029 | 3.150 | 3.225 | 3.347 |
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): | 50.99 | |
| MACD (12,26,9): | 0.0050 | |
| Directional Movement: | -2.867 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 3.158 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.133 | |
| Elder Ray (13): | -0.004 | |
| Super Trend (3,10): | 3.132 | |
| Zig ZAG (10): | 3.150 | |
| VORTEX (21): | 0.9950 | |
| Stochastique (14,3,5): | 33.06 | |
| TEMA (21): | 3.156 | |
| Williams %R (14): | -64.52 | |
| Chande Momentum Oscillator (20): | -0.009 | |
| Repulse (5,40,3): | 0.0590 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0290 | |
| Courbe Coppock: | 0.25 |
| MA7: | 3.099 | |
| MA20: | 3.027 | |
| MA50: | 2.872 | |
| MA100: | 2.805 | |
| MAexp7: | 3.154 | |
| MAexp20: | 3.151 | |
| MAexp50: | 3.139 | |
| MAexp100: | 3.120 | |
| Price / MA7: | +1.65% | |
| Price / MA20: | +4.06% | |
| Price / MA50: | +9.68% | |
| Price / MA100: | +12.30% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.96% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
The last news published on NATURAL GAS at the time of the generation of this analysis was as follows:
-
Natural gas Prices forecast for the week of December 12 2016, Technical Analysis
-
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
-
Natural Gas Technical Analysis for December 08 2016 by FXEmpire.com
-
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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