NATURAL GAS - 1H - Technical analysis published on 01/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 2.787 USD
My targets
2.539 USD (-8.58%)
2.526 USD (-9.03%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NATURAL GAS as long as the price remains well below 2.787 USD. The sellers' bearish objective is set at 2.539 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.526 USD. In case of crossing, the next objective would be the support located at 2.089 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by adamrak12. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NATURAL GAS rating is 2.777 USD. On the day, this instrument lost -5.22% with the lowest point at 2.756 USD and the highest point at 2.891 USD. The deviation from the price is +0.76% for the low point and -3.94% for the high point.2.756
2.891
2.777
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:
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
Technical analysis of this 1H chart of NATURAL GAS indicates that the overall trend is strongly bearish. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
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
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 2.777 | 2.964 | 3.268 | 3.439 |
| Change (%) | - | +6.73% | +17.68% | +23.84% |
| Change | - | +0.187 | +0.491 | +0.662 |
| Level | - | Intermediate | Minor | 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 | 2.571 | 2.718 | 2.829 | 2.976 | 3.087 | 3.234 | 3.345 |
| Camarilla | 2.869 | 2.893 | 2.916 | 2.940 | 2.964 | 2.987 | 3.011 |
| Woodie | 2.553 | 2.709 | 2.811 | 2.967 | 3.069 | 3.225 | 3.327 |
| Fibonacci | 2.718 | 2.817 | 2.877 | 2.976 | 3.075 | 3.135 | 3.234 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.089 | 2.526 | 2.787 | 3.224 | 3.485 | 3.922 | 4.183 |
| Camarilla | 2.855 | 2.919 | 2.983 | 3.047 | 3.111 | 3.175 | 3.239 |
| Woodie | 2.000 | 2.482 | 2.698 | 3.180 | 3.396 | 3.878 | 4.094 |
| Fibonacci | 2.526 | 2.793 | 2.958 | 3.224 | 3.491 | 3.656 | 3.922 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.826 | 2.539 | 3.443 | 5.156 | 6.060 | 7.773 | 8.677 |
| Camarilla | 3.628 | 3.868 | 4.108 | 4.348 | 4.588 | 4.828 | 5.068 |
| Woodie | 0.423 | 2.337 | 3.040 | 4.954 | 5.657 | 7.571 | 8.274 |
| Fibonacci | 2.539 | 3.538 | 4.156 | 5.156 | 6.155 | 6.773 | 7.773 |
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): | 30.00 | |
| MACD (12,26,9): | -0.0710 | |
| Directional Movement: | -18.333 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 2.766 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.829 | |
| Elder Ray (13): | -0.040 | |
| Super Trend (3,10): | 2.920 | |
| Zig ZAG (10): | 2.786 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 14.56 | |
| TEMA (21): | 2.757 | |
| Williams %R (14): | -84.08 | |
| Chande Momentum Oscillator (20): | -0.097 | |
| Repulse (5,40,3): | -0.8540 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3620 | |
| Courbe Coppock: | 10.68 |
| MA7: | 3.078 | |
| MA20: | 3.504 | |
| MA50: | 5.075 | |
| MA100: | 6.167 | |
| MAexp7: | 2.796 | |
| MAexp20: | 2.863 | |
| MAexp50: | 2.988 | |
| MAexp100: | 3.095 | |
| Price / MA7: | -9.78% | |
| Price / MA20: | -20.75% | |
| Price / MA50: | -45.28% | |
| Price / MA100: | -54.97% | |
| Price / MAexp7: | -0.68% | |
| Price / MAexp20: | -3.00% | |
| Price / MAexp50: | -7.06% | |
| Price / MAexp100: | -10.27% |
Quotes :
-
10 min delayed data
-
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
-
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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