NATURAL GAS - 1H - Technical analysis published on 12/03/2021 (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:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 4.333 USD
My targets
4.139 USD (-0.62%)
4.041 USD (-2.98%)
My analysis
The basic trend is very bearish on NATURAL GAS but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on NATURAL GAS. As long as you stay below the resistance 4.333 USD, sellers' retain the upper hand. A break in the support at 4.139 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 4.041 USD as an objective. Crossing it would then enable sellers to target 3.798 USD. If the price were to depress the resistance 4.333 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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This analysis was given by didi059. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NATURAL GAS rating 4.165 USD. The price registered an increase of +2.69% on the session and was between 4.090 USD and 4.285 USD. This implies that the price is at +1.83% from its lowest and at -2.80% from its highest.4.090
4.285
4.165
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NATURAL GAS indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.354 | 3.798 | 4.139 | 4.165 | 4.333 | 4.837 | 5.149 |
| Change (%) | -19.47% | -8.81% | -0.62% | - | +4.03% | +16.13% | +23.63% |
| Change | -0.811 | -0.367 | -0.026 | - | +0.168 | +0.672 | +0.984 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | 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 | 3.661 | 3.851 | 3.954 | 4.144 | 4.247 | 4.437 | 4.540 |
| Camarilla | 3.975 | 4.002 | 4.029 | 4.056 | 4.083 | 4.110 | 4.137 |
| Woodie | 3.617 | 3.829 | 3.910 | 4.122 | 4.203 | 4.415 | 4.496 |
| Fibonacci | 3.851 | 3.963 | 4.032 | 4.144 | 4.256 | 4.325 | 4.437 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.041 | 4.344 | 4.911 | 5.214 | 5.781 | 6.084 | 6.651 |
| Camarilla | 5.238 | 5.318 | 5.397 | 5.477 | 5.557 | 5.637 | 5.716 |
| Woodie | 4.172 | 4.410 | 5.042 | 5.280 | 5.912 | 6.150 | 6.782 |
| Fibonacci | 4.344 | 4.677 | 4.882 | 5.214 | 5.547 | 5.752 | 6.084 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.037 | 3.129 | 3.693 | 4.785 | 5.349 | 6.441 | 7.005 |
| Camarilla | 3.803 | 3.954 | 4.106 | 4.258 | 4.410 | 4.562 | 4.713 |
| Woodie | 1.774 | 2.997 | 3.430 | 4.653 | 5.086 | 6.309 | 6.742 |
| Fibonacci | 3.129 | 3.761 | 4.152 | 4.785 | 5.417 | 5.808 | 6.441 |
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): | 42.32 | |
| MACD (12,26,9): | -0.0150 | |
| Directional Movement: | -10.704 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 4.163 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.282 | |
| Elder Ray (13): | -0.026 | |
| Super Trend (3,10): | 4.290 | |
| Zig ZAG (10): | 4.159 | |
| VORTEX (21): | 1.0180 | |
| Stochastique (14,3,5): | 31.28 | |
| TEMA (21): | 4.189 | |
| Williams %R (14): | -76.74 | |
| Chande Momentum Oscillator (20): | 0.015 | |
| Repulse (5,40,3): | -0.8300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0630 | |
| Courbe Coppock: | 3.35 |
| MA7: | 4.641 | |
| MA20: | 4.875 | |
| MA50: | 5.307 | |
| MA100: | 4.828 | |
| MAexp7: | 4.178 | |
| MAexp20: | 4.186 | |
| MAexp50: | 4.267 | |
| MAexp100: | 4.434 | |
| Price / MA7: | -10.26% | |
| Price / MA20: | -14.56% | |
| Price / MA50: | -21.52% | |
| Price / MA100: | -13.73% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | -2.39% | |
| Price / MAexp100: | -6.07% |
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:
-
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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