NATURAL GAS - 1H - Technical analysis published on 01/31/2023 (GMT)
- 101
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 2.773 USD
My targets
2.530 USD (-4.35%)
2.211 USD (-16.41%)
My analysis
The bearish trend is currently very strong for NATURAL GAS. As long as the price remains below the resistance at 2.773 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.530 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.211 USD as an objective. Crossing it would then enable sellers to target 1.742 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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 ciaciocoin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NATURAL GAS rating is 2.645 USD. The price is lower by -1.20% since the last closing and was between 2.614 USD and 2.721 USD. This implies that the price is at +1.19% from its lowest and at -2.79% from its highest.2.614
2.721
2.645
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:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NATURAL GAS in 1H shows a overall strongly bearish trend. 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. 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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.642 | 2.645 | 2.773 | 2.964 | 3.141 |
| Change (%) | -0.11% | - | +4.84% | +12.06% | +18.75% |
| Change | -0.003 | - | +0.128 | +0.319 | +0.496 |
| Level | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.441 | 2.526 | 2.602 | 2.687 | 2.763 | 2.848 | 2.924 |
| Camarilla | 2.633 | 2.648 | 2.662 | 2.677 | 2.692 | 2.707 | 2.721 |
| Woodie | 2.436 | 2.524 | 2.597 | 2.685 | 2.758 | 2.846 | 2.919 |
| Fibonacci | 2.526 | 2.588 | 2.626 | 2.687 | 2.749 | 2.787 | 2.848 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.742 | 2.211 | 2.530 | 2.999 | 3.318 | 3.787 | 4.106 |
| Camarilla | 2.632 | 2.705 | 2.777 | 2.849 | 2.921 | 2.994 | 3.066 |
| Woodie | 1.667 | 2.174 | 2.455 | 2.962 | 3.243 | 3.750 | 4.031 |
| Fibonacci | 2.211 | 2.512 | 2.698 | 2.999 | 3.300 | 3.486 | 3.787 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.76 | |
| MACD (12,26,9): | -0.0240 | |
| Directional Movement: | -0.742 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 2.631 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.749 | |
| Elder Ray (13): | -0.026 | |
| Super Trend (3,10): | 2.724 | |
| Zig ZAG (10): | 2.629 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 10.50 | |
| TEMA (21): | 2.629 | |
| Williams %R (14): | -87.85 | |
| Chande Momentum Oscillator (20): | -0.052 | |
| Repulse (5,40,3): | -1.0650 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1080 | |
| Courbe Coppock: | 3.55 |
| MA7: | 2.917 | |
| MA20: | 3.282 | |
| MA50: | 4.851 | |
| MA100: | 5.987 | |
| MAexp7: | 2.643 | |
| MAexp20: | 2.662 | |
| MAexp50: | 2.712 | |
| MAexp100: | 2.808 | |
| Price / MA7: | -9.32% | |
| Price / MA20: | -19.41% | |
| Price / MA50: | -45.48% | |
| Price / MA100: | -55.82% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.64% | |
| Price / MAexp50: | -2.47% | |
| Price / MAexp100: | -5.80% |
Quotes :
-
10 min delayed data
-
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
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NATURAL GAS - 1H