NATURAL GAS

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	NG
ISIN:

NATURAL GAS - 1H - Technical analysis published on 03/20/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

17%

33%

50%

My opinion

Bearish under 1.745 USD

My targets

1.714 USD (-0.87%)

1.691 USD (-2.20%)

My analysis

The strong short-term decline of NATURAL GAS reinforces the current slightly bearish trend. As long as the price remains below 1.745 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 1.714 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.691 USD as an objective. Crossing it would then enable sellers to target 1.644 USD. A return to above 1.745 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

3.2

Comment on the analysis

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 adamrak12. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NATURAL GAS rating 1.729 USD. On the day, this instrument lost -0.86% with the lowest point at 1.727 USD and the highest point at 1.765 USD. The deviation from the price is +0.12% for the low point and -2.04% for the high point.

1.727

1.765

1.729

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NATURAL GAS in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 3 are bullish, 9 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.644	1.691	1.714	1.729	1.745	1.768	1.806
Change (%)	-4.92%	-2.20%	-0.87%	-	+0.93%	+2.26%	+4.45%
Change	-0.085	-0.038	-0.015	-	+0.016	+0.039	+0.077
Level	Major	Minor	Minor	-	Intermediate	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	1.639	1.670	1.707	1.738	1.775	1.806	1.843
Camarilla	1.725	1.732	1.738	1.744	1.750	1.757	1.763
Woodie	1.642	1.672	1.710	1.740	1.778	1.808	1.846
Fibonacci	1.670	1.696	1.712	1.738	1.764	1.780	1.806

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.387	1.515	1.585	1.713	1.783	1.911	1.981
Camarilla	1.601	1.619	1.637	1.655	1.673	1.691	1.710
Woodie	1.358	1.501	1.556	1.699	1.754	1.897	1.952
Fibonacci	1.515	1.591	1.637	1.713	1.789	1.835	1.911

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.958	1.292	1.563	1.897	2.168	2.502	2.773
Camarilla	1.669	1.724	1.780	1.835	1.891	1.946	2.001
Woodie	0.928	1.276	1.533	1.881	2.138	2.486	2.743
Fibonacci	1.292	1.523	1.666	1.897	2.128	2.271	2.502

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):	44.82
MACD (12,26,9):	0.0030
Directional Movement:	-2.636
AROON (14):	21.429
DEMA (21):	1.747
Parabolic SAR (0,02-0,02-0,2):	1.724
Elder Ray (13):	-0.010
Super Trend (3,10):	1.713
Zig ZAG (10):	1.735
VORTEX (21):	1.0260
Stochastique (14,3,5):	32.33
TEMA (21):	1.745
Williams %R (14):	-81.58
Chande Momentum Oscillator (20):	-0.014
Repulse (5,40,3):	-0.2620
ROCnROLL:	-1
TRIX (15,9):	0.0500
Courbe Coppock:	0.20

MA7:	1.707
MA20:	1.790
MA50:	1.981
MA100:	2.163
MAexp7:	1.741
MAexp20:	1.742
MAexp50:	1.734
MAexp100:	1.734
Price / MA7:	+1.29%
Price / MA20:	-3.41%
Price / MA50:	-12.72%
Price / MA100:	-20.06%
Price / MAexp7:	-0.69%
Price / MAexp20:	-0.75%
Price / MAexp50:	-0.29%
Price / MAexp100:	-0.29%

Quotes : - 10 min delayed data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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