NATURAL GAS
NATURAL GAS
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: NG
ISIN:

NATURAL GAS - 1H - Technical analysis published on 04/06/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 6.201 USD
My targets
6.312 USD (+0.88%)
6.507 USD (+3.99%)
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 6.201 USD. The buyers' bullish objective is set at 6.312 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.507 USD. If there is any crossing, the next objective would be the resistance located at 8.871 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
0
10
8.2

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 ckpawlik. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

NATURAL GAS rating 6.257 USD. The price registered an increase of +3.73% on the session and was between 6.051 USD and 6.394 USD. This implies that the price is at +3.40% from its lowest and at -2.14% from its highest.

6.051
6.394
6.257

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NATURAL GAS:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NATURAL GAS chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being 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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



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


S3S2S1PriceR1R2R3
ProTrendLines 5.831 6.102 6.201 6.257 6.312 8.871 13.635
Change (%) -6.81% -2.48% -0.89% - +0.88% +41.78% +117.92%
Change -0.426 -0.155 -0.056 - +0.055 +2.614 +7.378
Level Intermediate Major Intermediate - 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
Standard5.3725.5715.8026.0016.2326.4316.662
Camarilla5.9145.9535.9936.0326.0716.1116.150
Woodie5.3875.5795.8176.0096.2476.4396.677
Fibonacci5.5715.7365.8376.0016.1666.2676.431


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.8215.0455.3835.6075.9456.1696.507
Camarilla5.5665.6175.6695.7205.7725.8235.875
Woodie4.8775.0745.4395.6366.0016.1986.563
Fibonacci5.0455.2605.3935.6075.8225.9556.169


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.5113.9974.8595.3456.2076.6937.555
Camarilla5.3495.4735.5965.7205.8445.9676.091
Woodie3.6984.0915.0465.4396.3946.7877.742
Fibonacci3.9974.5124.8305.3455.8606.1786.693

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): 69.77
MACD (12,26,9): 0.0860
Directional Movement: 31.335
AROON (14): 85.714
DEMA (21): 6.239
Parabolic SAR (0,02-0,02-0,2): 6.079
Elder Ray (13): 0.144
Super Trend (3,10): 6.132
Zig ZAG (10): 6.272
VORTEX (21): 1.1340
Stochastique (14,3,5): 82.07
TEMA (21): 6.262
Williams %R (14): -34.69
Chande Momentum Oscillator (20): 0.203
Repulse (5,40,3): 0.6270
ROCnROLL: 1
TRIX (15,9): 0.1670
Courbe Coppock: 4.63
MA7: 5.759
MA20: 5.288
MA50: 4.849
MA100: 4.391
MAexp7: 6.229
MAexp20: 6.134
MAexp50: 5.996
MAexp100: 5.851
Price / MA7: +8.65%
Price / MA20: +18.32%
Price / MA50: +29.04%
Price / MA100: +42.50%
Price / MAexp7: +0.45%
Price / MAexp20: +2.01%
Price / MAexp50: +4.35%
Price / MAexp100: +6.94%

Quotes : - 10 min delayed data - NYMEX Futures

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

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