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NATURAL GAS
NATURAL GAS
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: NG
ISIN:

NATURAL GAS - Daily - Technical analysis published on 12/25/2019 (GMT)

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Londinia
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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 2.233 USD
My targets
2.070 USD (-4.70%)
My analysis
In the short term, we can see an acceleration in the bearish trend on NATURAL GAS, which is a positive signal for sellers. As long as the price remains above 2.233 USD, a sale could be considered. The first bearish objective is located at 2.070 USD. The bearish momentum would be revived by a break in this support. If the price were to return above 2.233 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
6.1

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.

TWISTER
This analysis was given by TWISTER. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The NATURAL GAS rating is 2.172 USD. The price registered a decrease of -1.90% on the session with the lowest point at 2.162 USD and the highest point at 2.223 USD. The deviation from the price is +0.46% for the low point and -2.29% for the high point.

2.162
2.223
2.172

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NATURAL GAS:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this NATURAL GAS chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


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.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

White morning star

Type : Bullish

Timeframe : Daily




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 2.070 2.159 2.172 2.233 2.454 2.531
Change (%) -4.70% -0.60% - +2.81% +12.98% +16.53%
Change -0.102 -0.013 - +0.061 +0.282 +0.359
Level Major Minor - Intermediate Intermediate Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.2242.2512.2902.3172.3562.3832.422
Camarilla2.3102.3162.3222.3282.3342.3402.346
Woodie2.2292.2542.2952.3202.3612.3862.427
Fibonacci2.2512.2772.2922.3172.3432.3582.383


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.9972.0772.1872.2672.3772.4572.567
Camarilla2.2442.2612.2792.2962.3132.3312.348
Woodie2.0112.0852.2012.2752.3912.4652.581
Fibonacci2.0772.1502.1952.2672.3402.3852.457


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.4311.8502.0662.4852.7013.1203.336
Camarilla2.1062.1652.2232.2812.3392.3972.456
Woodie1.3291.7991.9642.4342.5993.0693.234
Fibonacci1.8502.0932.2432.4852.7282.8783.120

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): 38.97
MACD (12,26,9): -0.0650
Directional Movement: -9.235
AROON (14): -28.571
DEMA (21): 2.267
Parabolic SAR (0,02-0,02-0,2): 2.377
Elder Ray (13): -0.084
Super Trend (3,10): 2.521
Zig ZAG (10): 2.214
VORTEX (21): 0.8300
Stochastique (14,3,5): 33.11
TEMA (21): 2.226
Williams %R (14): -81.64
Chande Momentum Oscillator (20): -0.213
Repulse (5,40,3): -1.1300
ROCnROLL: 2
TRIX (15,9): -0.3870
Courbe Coppock: 10.93
MA7: 2.294
MA20: 2.342
MA50: 2.470
MA100: 2.404
MAexp7: 2.285
MAexp20: 2.350
MAexp50: 2.414
MAexp100: 2.428
Price / MA7: -5.32%
Price / MA20: -7.26%
Price / MA50: -12.06%
Price / MA100: -9.65%
Price / MAexp7: -4.95%
Price / MAexp20: -7.57%
Price / MAexp50: -10.02%
Price / MAexp100: -10.54%

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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Londinia
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