NATURAL GAS - 1H - Technical analysis published on 02/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 2.510 USD
My targets
2.341 USD (-3.14%)
My analysis
The bearish basic trend is very strong on NATURAL GAS but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 2.510 USD. Crossing the first support at 2.341 USD would be a sign of a further potential price plummet. Caution, a return to above the resistance located at 2.510 USD would be a sign of a possible consolidation phase of 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8
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Additional analysis
Quotes
The NATURAL GAS rating is 2.417 USD. The price registered an increase of +0.29% on the session with the lowest point at 2.377 USD and the highest point at 2.478 USD. The deviation from the price is +1.68% for the low point and -2.46% for the high point.2.377
2.478
2.417
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:
Near a 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 sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 5 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.341 | 2.417 | 2.516 | 2.613 | 2.778 |
| Change (%) | -3.14% | - | +4.10% | +8.11% | +14.94% |
| Change | -0.076 | - | +0.099 | +0.196 | +0.361 |
| Level | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.155 | 2.248 | 2.329 | 2.422 | 2.503 | 2.596 | 2.677 |
| Camarilla | 2.362 | 2.378 | 2.394 | 2.410 | 2.426 | 2.442 | 2.458 |
| Woodie | 2.149 | 2.245 | 2.323 | 2.419 | 2.497 | 2.593 | 2.671 |
| Fibonacci | 2.248 | 2.315 | 2.356 | 2.422 | 2.489 | 2.530 | 2.596 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.802 | 2.071 | 2.241 | 2.510 | 2.680 | 2.949 | 3.119 |
| Camarilla | 2.289 | 2.330 | 2.370 | 2.410 | 2.450 | 2.491 | 2.531 |
| Woodie | 1.752 | 2.046 | 2.191 | 2.485 | 2.630 | 2.924 | 3.069 |
| Fibonacci | 2.071 | 2.239 | 2.343 | 2.510 | 2.678 | 2.782 | 2.949 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.061 | 1.262 | 1.865 | 3.066 | 3.669 | 4.870 | 5.473 |
| Camarilla | 1.972 | 2.137 | 2.303 | 2.468 | 2.633 | 2.799 | 2.964 |
| Woodie | -0.238 | 1.113 | 1.566 | 2.917 | 3.370 | 4.721 | 5.174 |
| Fibonacci | 1.262 | 1.951 | 2.377 | 3.066 | 3.755 | 4.181 | 4.870 |
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): | 45.49 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 8.627 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 2.406 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.379 | |
| Elder Ray (13): | -0.018 | |
| Super Trend (3,10): | 2.480 | |
| Zig ZAG (10): | 2.400 | |
| VORTEX (21): | 1.0040 | |
| Stochastique (14,3,5): | 33.86 | |
| TEMA (21): | 2.410 | |
| Williams %R (14): | -79.21 | |
| Chande Momentum Oscillator (20): | -0.051 | |
| Repulse (5,40,3): | -1.3920 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0480 | |
| Courbe Coppock: | 0.76 |
| MA7: | 2.564 | |
| MA20: | 3.022 | |
| MA50: | 4.471 | |
| MA100: | 5.712 | |
| MAexp7: | 2.410 | |
| MAexp20: | 2.420 | |
| MAexp50: | 2.453 | |
| MAexp100: | 2.531 | |
| Price / MA7: | -5.73% | |
| Price / MA20: | -20.02% | |
| Price / MA50: | -45.94% | |
| Price / MA100: | -57.69% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -1.47% | |
| Price / MAexp100: | -4.50% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
The latest news and videos published on NATURAL GAS at the time of the analysis were as follows:
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Natural gas Prices forecast for the week of December 12 2016, Technical Analysis
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Natural Gas Technical Analysis for December 12 2016 by FXEmpire.com
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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.
About author
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