NATURAL GAS - 1H - Technical analysis published on 04/27/2022 (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
50%
11%
39%
My opinion
Bullish above 6.909 USD
My targets
7.176 USD (+1.54%)
7.607 USD (+7.64%)
My analysis
The basic bullish trend is very strong on NATURAL GAS but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 6.909 USD. Crossing the first resistance at 7.176 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 7.607 USD as an objective. Crossing it would then enable buyers to target 7.812 USD. Caution, a return to below 6.909 USD would be a sign of a consolidation phase in the short-term basic trend. 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
0
10
6.3
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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 price is 7.067 USD. The price has increased by +1.28% since the last closing with the lowest point at 6.956 USD and the highest point at 7.116 USD. The deviation from the price is +1.60% for the low point and -0.69% for the high point.6.956
7.116
7.067
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this NATURAL GAS chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 5.478 | 6.366 | 6.909 | 7.067 | 7.176 | 7.607 | 7.812 |
| Change (%) | -22.48% | -9.92% | -2.24% | - | +1.54% | +7.64% | +10.54% |
| Change | -1.589 | -0.701 | -0.158 | - | +0.109 | +0.540 | +0.745 |
| Level | Intermediate | Major | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.402 | 6.596 | 6.787 | 6.981 | 7.172 | 7.366 | 7.557 |
| Camarilla | 6.872 | 6.907 | 6.943 | 6.978 | 7.013 | 7.049 | 7.084 |
| Woodie | 6.401 | 6.595 | 6.786 | 6.980 | 7.171 | 7.365 | 7.556 |
| Fibonacci | 6.596 | 6.743 | 6.834 | 6.981 | 7.128 | 7.219 | 7.366 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.474 | 5.526 | 6.101 | 7.153 | 7.728 | 8.780 | 9.355 |
| Camarilla | 6.228 | 6.377 | 6.526 | 6.675 | 6.824 | 6.973 | 7.122 |
| Woodie | 4.235 | 5.407 | 5.862 | 7.034 | 7.489 | 8.661 | 9.116 |
| Fibonacci | 5.526 | 6.148 | 6.532 | 7.153 | 7.775 | 8.159 | 8.780 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.652 | 4.138 | 5.000 | 5.486 | 6.348 | 6.834 | 7.696 |
| Camarilla | 5.490 | 5.614 | 5.737 | 5.861 | 5.985 | 6.108 | 6.232 |
| Woodie | 3.839 | 4.232 | 5.187 | 5.580 | 6.535 | 6.928 | 7.883 |
| Fibonacci | 4.138 | 4.653 | 4.971 | 5.486 | 6.001 | 6.319 | 6.834 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.38 | |
| MACD (12,26,9): | 0.0190 | |
| Directional Movement: | 4.217 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 7.054 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.859 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 6.867 | |
| Zig ZAG (10): | 7.070 | |
| VORTEX (21): | 1.0140 | |
| Stochastique (14,3,5): | 63.79 | |
| TEMA (21): | 7.049 | |
| Williams %R (14): | -29.38 | |
| Chande Momentum Oscillator (20): | 0.063 | |
| Repulse (5,40,3): | 0.8940 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0450 | |
| Courbe Coppock: | 1.38 |
| MA7: | 7.003 | |
| MA20: | 6.683 | |
| MA50: | 5.659 | |
| MA100: | 4.870 | |
| MAexp7: | 7.045 | |
| MAexp20: | 7.027 | |
| MAexp50: | 6.985 | |
| MAexp100: | 6.990 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +5.75% | |
| Price / MA50: | +24.88% | |
| Price / MA100: | +45.11% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | +1.17% | |
| Price / MAexp100: | +1.10% |
Quotes :
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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
-
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
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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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