NATURAL GAS - 1H - Technical analysis published on 01/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
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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
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.
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:
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 3.930 | 4.013 | 4.138 | 4.221 | 4.346 | 4.429 | 4.554 |
Camarilla | 4.205 | 4.224 | 4.243 | 4.262 | 4.281 | 4.300 | 4.319 |
Woodie | 3.950 | 4.024 | 4.158 | 4.232 | 4.366 | 4.440 | 4.574 |
Fibonacci | 4.013 | 4.093 | 4.142 | 4.221 | 4.301 | 4.350 | 4.429 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.964 | 3.471 | 3.866 | 4.373 | 4.768 | 5.275 | 5.670 |
Camarilla | 4.014 | 4.097 | 4.179 | 4.262 | 4.345 | 4.427 | 4.510 |
Woodie | 2.909 | 3.443 | 3.811 | 4.345 | 4.713 | 5.247 | 5.615 |
Fibonacci | 3.471 | 3.815 | 4.028 | 4.373 | 4.717 | 4.930 | 5.275 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.664 | 3.071 | 3.400 | 3.807 | 4.136 | 4.543 | 4.872 |
Camarilla | 3.528 | 3.595 | 3.663 | 3.730 | 3.798 | 3.865 | 3.932 |
Woodie | 2.626 | 3.052 | 3.362 | 3.788 | 4.098 | 4.524 | 4.834 |
Fibonacci | 3.071 | 3.352 | 3.526 | 3.807 | 4.088 | 4.262 | 4.543 |
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
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NYMEX Futures
News
The latest news and videos published on NATURAL GAS at the time of the analysis were 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
- 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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