NATURAL GAS - 1H - Technical analysis published on 01/27/2022 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 4.040 USD
My targets
4.194 USD (+1.80%)
4.335 USD (+5.22%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NATURAL GAS as long as the price remains well above 4.040 USD. The buyers' bullish objective is set at 4.194 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.335 USD. If there is any crossing, the next objective would be the resistance located at 4.387 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3
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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 4.120 USD. The price registered an increase of +2.08% on the session and was traded between 3.990 USD and 4.175 USD over the period. The price is currently at +3.26% from its lowest and -1.32% from its highest.3.990
4.175
4.120
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 3.822 | 3.964 | 4.040 | 4.120 | 4.194 | 4.335 | 4.387 |
| Change (%) | -7.23% | -3.79% | -1.94% | - | +1.80% | +5.22% | +6.48% |
| Change | -0.298 | -0.156 | -0.080 | - | +0.074 | +0.215 | +0.267 |
| Level | Major | Minor | Minor | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.525 | 3.691 | 3.863 | 4.029 | 4.201 | 4.367 | 4.539 |
| Camarilla | 3.943 | 3.974 | 4.005 | 4.036 | 4.067 | 4.098 | 4.129 |
| Woodie | 3.529 | 3.693 | 3.867 | 4.031 | 4.205 | 4.369 | 4.543 |
| Fibonacci | 3.691 | 3.820 | 3.900 | 4.029 | 4.158 | 4.238 | 4.367 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.956 | 3.290 | 3.565 | 3.899 | 4.174 | 4.508 | 4.783 |
| Camarilla | 3.674 | 3.729 | 3.785 | 3.841 | 3.897 | 3.953 | 4.009 |
| Woodie | 2.928 | 3.275 | 3.537 | 3.884 | 4.146 | 4.493 | 4.755 |
| Fibonacci | 3.290 | 3.522 | 3.666 | 3.899 | 4.131 | 4.275 | 4.508 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.506 | 2.913 | 3.242 | 3.649 | 3.978 | 4.385 | 4.714 |
| Camarilla | 3.370 | 3.437 | 3.505 | 3.572 | 3.640 | 3.707 | 3.774 |
| Woodie | 2.468 | 2.894 | 3.204 | 3.630 | 3.940 | 4.366 | 4.676 |
| Fibonacci | 2.913 | 3.194 | 3.368 | 3.649 | 3.930 | 4.104 | 4.385 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.34 | |
| MACD (12,26,9): | 0.0330 | |
| Directional Movement: | 9.072 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 4.109 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.042 | |
| Elder Ray (13): | 0.027 | |
| Super Trend (3,10): | 3.978 | |
| Zig ZAG (10): | 4.114 | |
| VORTEX (21): | 0.9750 | |
| Stochastique (14,3,5): | 64.40 | |
| TEMA (21): | 4.104 | |
| Williams %R (14): | -29.61 | |
| Chande Momentum Oscillator (20): | 0.084 | |
| Repulse (5,40,3): | 0.2790 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1190 | |
| Courbe Coppock: | 2.93 |
| MA7: | 3.896 | |
| MA20: | 3.917 | |
| MA50: | 3.925 | |
| MA100: | 4.590 | |
| MAexp7: | 4.094 | |
| MAexp20: | 4.063 | |
| MAexp50: | 3.995 | |
| MAexp100: | 3.950 | |
| Price / MA7: | +5.75% | |
| Price / MA20: | +5.18% | |
| Price / MA50: | +4.97% | |
| Price / MA100: | -10.24% | |
| Price / MAexp7: | +0.64% | |
| Price / MAexp20: | +1.40% | |
| Price / MAexp50: | +3.13% | |
| Price / MAexp100: | +4.30% |
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
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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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