NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	NG
ISIN:

NATURAL GAS - Daily - Technical analysis published on 03/22/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 5.090 USD

My targets

5.459 USD (+6.67%)

5.501 USD (+7.48%)

My analysis

The bullish trend is currently very strong on NATURAL GAS. As long as the price remains above the support at 5.090 USD, you could try to benefit from the boom. The first bullish objective is located at 5.459 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.501 USD as an objective. Crossing it would then enable buyers to target 6.102 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

Comment on the analysis

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 didi059. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NATURAL GAS rating is 5.118 USD. The price registered an increase of +4.45% on the session and was traded between 4.877 USD and 5.197 USD over the period. The price is currently at +4.94% from its lowest and -1.52% from its highest.

4.877

5.197

5.118

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NATURAL GAS in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.879	4.560	4.837	5.118	5.501	6.102	8.871
Change (%)	-24.21%	-10.90%	-5.49%	-	+7.48%	+19.23%	+73.33%
Change	-1.239	-0.558	-0.281	-	+0.383	+0.984	+3.753
Level	Major	Major	Major	-	Intermediate	Major	Minor

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	4.545	4.647	4.773	4.875	5.001	5.103	5.229
Camarilla	4.837	4.858	4.879	4.900	4.921	4.942	4.963
Woodie	4.558	4.653	4.786	4.881	5.014	5.109	5.242
Fibonacci	4.647	4.734	4.788	4.875	4.962	5.016	5.103

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.006	4.232	4.548	4.774	5.090	5.316	5.632
Camarilla	4.714	4.764	4.813	4.863	4.913	4.962	5.012
Woodie	4.050	4.255	4.592	4.797	5.134	5.339	5.676
Fibonacci	4.232	4.439	4.567	4.774	4.981	5.109	5.316

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.067	2.954	3.763	4.650	5.459	6.346	7.155
Camarilla	4.107	4.262	4.418	4.573	4.729	4.884	5.039
Woodie	2.029	2.935	3.725	4.631	5.421	6.327	7.117
Fibonacci	2.954	3.602	4.002	4.650	5.298	5.698	6.346

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):	61.44
MACD (12,26,9):	0.1440
Directional Movement:	15.109
AROON (14):	64.286
DEMA (21):	4.908
Parabolic SAR (0,02-0,02-0,2):	4.582
Elder Ray (13):	0.239
Super Trend (3,10):	4.220
Zig ZAG (10):	5.138
VORTEX (21):	1.0400
Stochastique (14,3,5):	71.70
TEMA (21):	4.943
Williams %R (14):	-9.37
Chande Momentum Oscillator (20):	0.116
Repulse (5,40,3):	7.3480
ROCnROLL:	1
TRIX (15,9):	0.3870
Courbe Coppock:	9.39

MA7:	4.838
MA20:	4.713
MA50:	4.455
MA100:	4.286
MAexp7:	4.888
MAexp20:	4.721
MAexp50:	4.512
MAexp100:	4.393
Price / MA7:	+5.79%
Price / MA20:	+8.59%
Price / MA50:	+14.88%
Price / MA100:	+19.41%
Price / MAexp7:	+4.71%
Price / MAexp20:	+8.41%
Price / MAexp50:	+13.43%
Price / MAexp100:	+16.50%

Quotes : - 10 min delayed data - NYMEX Futures

News

Don't forget to follow the news on NATURAL GAS. At the time of publication of this analysis, the latest news was as follows:

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

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