NATURAL GAS - 1H - Technical analysis published on 03/22/2022 (GMT)
- 184
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 4.972 USD
My targets
5.316 USD (+4.40%)
5.501 USD (+8.03%)
My analysis
The bullish trend is currently very strong on NATURAL GAS. As long as the price remains above the support at 4.972 USD, you could try to benefit from the boom. The first bullish objective is located at 5.316 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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 5.092 USD. On the day, this instrument gained +3.92% with the lowest point at 4.877 USD and the highest point at 5.197 USD. The deviation from the price is +4.41% for the low point and -2.02% for the high point.4.877
5.197
5.092
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NATURAL GAS indicates that the overall trend is strongly bullish. 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.747 | 4.837 | 4.972 | 5.092 | 5.501 | 6.102 | 8.871 |
| Change (%) | -6.78% | -5.01% | -2.36% | - | +8.03% | +19.84% | +74.21% |
| Change | -0.345 | -0.255 | -0.120 | - | +0.409 | +1.010 | +3.779 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 70.00 | |
| MACD (12,26,9): | 0.0290 | |
| Directional Movement: | 29.579 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 4.984 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.907 | |
| Elder Ray (13): | 0.155 | |
| Super Trend (3,10): | 4.926 | |
| Zig ZAG (10): | 5.058 | |
| VORTEX (21): | 1.2280 | |
| Stochastique (14,3,5): | 73.37 | |
| TEMA (21): | 5.002 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | 0.134 | |
| Repulse (5,40,3): | 1.6190 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0460 | |
| Courbe Coppock: | 1.91 |
| MA7: | 4.832 | |
| MA20: | 4.712 | |
| MA50: | 4.455 | |
| MA100: | 4.286 | |
| MAexp7: | 5.022 | |
| MAexp20: | 4.955 | |
| MAexp50: | 4.916 | |
| MAexp100: | 4.860 | |
| Price / MA7: | +5.38% | |
| Price / MA20: | +8.06% | |
| Price / MA50: | +14.30% | |
| Price / MA100: | +18.81% | |
| Price / MAexp7: | +1.39% | |
| Price / MAexp20: | +2.76% | |
| Price / MAexp50: | +3.58% | |
| Price / MAexp100: | +4.77% |
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:
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NATURAL GAS - 1H