NATURAL GAS - 15 min. - Technical analysis published on 03/24/2022 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 5.218 USD
My targets
5.344 USD (+2.18%)
5.456 USD (+4.32%)
My analysis
NATURAL GAS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.218 USD. The next resistance located at 5.344 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.456 USD. After this resistance, buyers could then target 5.582 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.1
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Additional analysis
Quotes
The NATURAL GAS price is 5.230 USD. On the day, this instrument lost -0.04% with the lowest point at 5.110 USD and the highest point at 5.234 USD. The deviation from the price is +2.35% for the low point and -0.08% for the high point.5.110
5.234
5.230
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NATURAL GAS in 15 min. shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 100
Type : Bullish
Timeframe : 15 minutes
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 4.973 | 5.113 | 5.203 | 5.230 | 5.330 | 5.501 | 6.102 |
Change (%) | -4.91% | -2.24% | -0.52% | - | +1.91% | +5.18% | +16.67% |
Change | -0.257 | -0.117 | -0.027 | - | +0.100 | +0.271 | +0.872 |
Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Major |
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 | 4.868 | 4.980 | 5.106 | 5.218 | 5.344 | 5.456 | 5.582 |
Camarilla | 5.167 | 5.188 | 5.210 | 5.232 | 5.254 | 5.276 | 5.298 |
Woodie | 4.875 | 4.984 | 5.113 | 5.222 | 5.351 | 5.460 | 5.589 |
Fibonacci | 4.980 | 5.071 | 5.127 | 5.218 | 5.309 | 5.365 | 5.456 |
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): | 55.04 | |
MACD (12,26,9): | 0.0130 | |
Directional Movement: | 13.307 | |
AROON (14): | 50.000 | |
DEMA (21): | 5.195 | |
Parabolic SAR (0,02-0,02-0,2): | 5.222 | |
Elder Ray (13): | -0.004 | |
Super Trend (3,10): | 5.154 | |
Zig ZAG (10): | 5.180 | |
VORTEX (21): | 1.0830 | |
Stochastique (14,3,5): | 46.12 | |
TEMA (21): | 5.205 | |
Williams %R (14): | -53.43 | |
Chande Momentum Oscillator (20): | 0.022 | |
Repulse (5,40,3): | -0.1720 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0420 | |
Courbe Coppock: | 1.42 |
MA7: | 5.021 | |
MA20: | 4.778 | |
MA50: | 4.491 | |
MA100: | 4.285 | |
MAexp7: | 5.193 | |
MAexp20: | 5.179 | |
MAexp50: | 5.167 | |
MAexp100: | 5.159 | |
Price / MA7: | +4.16% | |
Price / MA20: | +9.46% | |
Price / MA50: | +16.46% | |
Price / MA100: | +22.05% | |
Price / MAexp7: | +0.71% | |
Price / MAexp20: | +0.98% | |
Price / MAexp50: | +1.22% | |
Price / MAexp100: | +1.38% |
Quotes :
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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.
About author
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