NATURAL GAS
NATURAL GAS
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: NG
ISIN:

NATURAL GAS - 1H - Technical analysis published on 01/17/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 4.263 USD
My targets
4.136 USD (-2.45%)
4.098 USD (-3.35%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on NATURAL GAS as long as the price remains well below 4.263 USD. The next bearish objective for sellers is set at 4.136 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 4.098 USD. If there is any crossing, the next objective would be the support located at 3.931 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5

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:
15 min. Daily Weekly

Additional analysis

Quotes

NATURAL GAS rating 4.240 USD. On the day, this instrument lost -0.52% with the lowest point at 4.216 USD and the highest point at 4.390 USD. The deviation from the price is +0.57% for the low point and -3.42% for the high point.

4.216
4.390
4.240

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.

Central Gaps

Opening Gap UP

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:

Technical


Technical analysis of this 1H chart of NATURAL GAS indicates that the overall trend is bearish. The signals given by moving averages are at 75.00% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3.822 3.931 4.098 4.240 4.263 4.669 4.837
Change (%) -9.86% -7.29% -3.35% - +0.54% +10.12% +14.08%
Change -0.418 -0.309 -0.142 - +0.023 +0.429 +0.597
Level Major Minor Minor - Intermediate Minor 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
Standard3.9304.0134.1384.2214.3464.4294.554
Camarilla4.2054.2244.2434.2624.2814.3004.319
Woodie3.9504.0244.1584.2324.3664.4404.574
Fibonacci4.0134.0934.1424.2214.3014.3504.429


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.9643.4713.8664.3734.7685.2755.670
Camarilla4.0144.0974.1794.2624.3454.4274.510
Woodie2.9093.4433.8114.3454.7135.2475.615
Fibonacci3.4713.8154.0284.3734.7174.9305.275


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.6643.0713.4003.8074.1364.5434.872
Camarilla3.5283.5953.6633.7303.7983.8653.932
Woodie2.6263.0523.3623.7884.0984.5244.834
Fibonacci3.0713.3523.5263.8074.0884.2624.543

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): 44.55
MACD (12,26,9): -0.0100
Directional Movement: -6.399
AROON (14): 7.143
DEMA (21): 4.261
Parabolic SAR (0,02-0,02-0,2): 4.349
Elder Ray (13): -0.036
Super Trend (3,10): 4.359
Zig ZAG (10): 4.243
VORTEX (21): 0.9880
Stochastique (14,3,5): 22.47
TEMA (21): 4.280
Williams %R (14): -83.33
Chande Momentum Oscillator (20): -0.087
Repulse (5,40,3): -0.5940
ROCnROLL: 2
TRIX (15,9): -0.0240
Courbe Coppock: 0.55
MA7: 4.269
MA20: 3.949
MA50: 4.221
MA100: 4.801
MAexp7: 4.267
MAexp20: 4.276
MAexp50: 4.310
MAexp100: 4.292
Price / MA7: -0.68%
Price / MA20: +7.37%
Price / MA50: +0.45%
Price / MA100: -11.69%
Price / MAexp7: -0.63%
Price / MAexp20: -0.84%
Price / MAexp50: -1.62%
Price / MAexp100: -1.21%

Quotes : - 10 min delayed data - NYMEX Futures

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

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