NATURAL GAS - 1H - Technical analysis published on 01/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 2.642 USD
My targets
2.773 USD (+1.95%)
2.964 USD (+8.97%)
My analysis
The strong short-term increase in NATURAL GAS calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 2.642 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 2.773 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.964 USD as an objective. Crossing it would then enable buyers to target 3.141 USD. Caution, a return under 2.642 USD could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.7
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Additional analysis
Quotes
The NATURAL GAS rating is 2.720 USD. The price has increased by +1.61% since the last closing and was traded between 2.614 USD and 2.753 USD over the period. The price is currently at +4.06% from its lowest and -1.20% from its highest.2.614
2.753
2.720
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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
A technical analysis in 1H of this NATURAL GAS chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
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 | 2.642 | 2.720 | 2.773 | 2.964 | 3.141 |
| Change (%) | -2.87% | - | +1.95% | +8.97% | +15.48% |
| Change | -0.078 | - | +0.053 | +0.244 | +0.421 |
| 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 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): | 58.28 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | 9.846 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 2.669 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.612 | |
| Elder Ray (13): | 0.051 | |
| Super Trend (3,10): | 2.581 | |
| Zig ZAG (10): | 2.732 | |
| VORTEX (21): | 1.0420 | |
| Stochastique (14,3,5): | 63.48 | |
| TEMA (21): | 2.683 | |
| Williams %R (14): | -15.83 | |
| Chande Momentum Oscillator (20): | 0.092 | |
| Repulse (5,40,3): | 1.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0510 | |
| Courbe Coppock: | 1.80 |
| MA7: | 2.927 | |
| MA20: | 3.288 | |
| MA50: | 4.853 | |
| MA100: | 5.988 | |
| MAexp7: | 2.696 | |
| MAexp20: | 2.678 | |
| MAexp50: | 2.709 | |
| MAexp100: | 2.795 | |
| Price / MA7: | -7.07% | |
| Price / MA20: | -17.27% | |
| Price / MA50: | -43.95% | |
| Price / MA100: | -54.58% | |
| Price / MAexp7: | +0.89% | |
| Price / MAexp20: | +1.57% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | -2.68% |
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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