NATURAL GAS - 1H - Technical analysis published on 01/25/2023 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 3.229 USD
My targets
2.914 USD (-5.86%)
2.653 USD (-14.27%)
My analysis
The bearish trend is currently very strong for NATURAL GAS. As long as the price remains below the resistance at 3.229 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.914 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.653 USD as an objective. Crossing it would then enable sellers to target 2.216 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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Additional analysis
Quotes
The NATURAL GAS price is 3.095 USD. The price registered a decrease of -5.00% on the session with the lowest point at 3.088 USD and the highest point at 3.250 USD. The deviation from the price is +0.23% for the low point and -4.77% for the high point.3.088
3.250
3.095
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NATURAL GAS chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.091 | 3.095 | 3.229 | 3.388 | 3.566 |
| Change (%) | -0.13% | - | +4.33% | +9.47% | +15.22% |
| Change | -0.004 | - | +0.134 | +0.293 | +0.471 |
| Level | Intermediate | - | Minor | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 2.760 | 2.995 | 3.126 | 3.361 | 3.492 | 3.727 | 3.858 |
| Camarilla | 3.157 | 3.191 | 3.225 | 3.258 | 3.292 | 3.325 | 3.359 |
| Woodie | 2.709 | 2.969 | 3.075 | 3.335 | 3.441 | 3.701 | 3.807 |
| Fibonacci | 2.995 | 3.135 | 3.221 | 3.361 | 3.501 | 3.587 | 3.727 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.216 | 2.653 | 2.914 | 3.351 | 3.612 | 4.049 | 4.310 |
| Camarilla | 2.982 | 3.046 | 3.110 | 3.174 | 3.238 | 3.302 | 3.366 |
| Woodie | 2.127 | 2.609 | 2.825 | 3.307 | 3.523 | 4.005 | 4.221 |
| Fibonacci | 2.653 | 2.920 | 3.085 | 3.351 | 3.618 | 3.783 | 4.049 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.953 | 2.666 | 3.570 | 5.283 | 6.187 | 7.900 | 8.804 |
| Camarilla | 3.755 | 3.995 | 4.235 | 4.475 | 4.715 | 4.955 | 5.195 |
| Woodie | 0.550 | 2.464 | 3.167 | 5.081 | 5.784 | 7.698 | 8.401 |
| Fibonacci | 2.666 | 3.665 | 4.283 | 5.283 | 6.282 | 6.900 | 7.900 |
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): | 28.09 | |
| MACD (12,26,9): | -0.0720 | |
| Directional Movement: | -19.586 | |
| AROON (14): | -71.429 | |
| DEMA (21): | 3.109 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.160 | |
| Elder Ray (13): | -0.041 | |
| Super Trend (3,10): | 3.249 | |
| Zig ZAG (10): | 3.106 | |
| VORTEX (21): | 0.6990 | |
| Stochastique (14,3,5): | 16.54 | |
| TEMA (21): | 3.072 | |
| Williams %R (14): | -91.36 | |
| Chande Momentum Oscillator (20): | -0.119 | |
| Repulse (5,40,3): | -1.6890 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3150 | |
| Courbe Coppock: | 8.55 |
| MA7: | 3.307 | |
| MA20: | 3.721 | |
| MA50: | 5.271 | |
| MA100: | 6.357 | |
| MAexp7: | 3.129 | |
| MAexp20: | 3.201 | |
| MAexp50: | 3.288 | |
| MAexp100: | 3.343 | |
| Price / MA7: | -6.41% | |
| Price / MA20: | -16.82% | |
| Price / MA50: | -41.28% | |
| Price / MA100: | -51.31% | |
| Price / MAexp7: | -1.09% | |
| Price / MAexp20: | -3.31% | |
| Price / MAexp50: | -5.87% | |
| Price / MAexp100: | -7.42% |
Quotes :
-
10 min delayed data
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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.
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