MINI NATURAL GAS FULL0624 - 15 min. - Technical analysis published on 06/05/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 2.178 USD
My targets
2.222 USD (+0.08%)
2.273 USD (+2.40%)
My analysis
MINI NATURAL GAS FULL0723 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.178 USD. The next resistance located at 2.222 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.273 USD. After this resistance, buyers could then target 2.317 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.8
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This analysis was given by JulianDB. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MINI NATURAL GAS FULL0723 rating 2.220 USD. The price registered an increase of +2.30% on the session and was traded between 2.185 USD and 2.225 USD over the period. The price is currently at +1.60% from its lowest and -0.22% from its highest.2.185
2.225
2.220
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 15 min. of this MINI NATURAL GAS FULL0723 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 15 minutes
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 : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.135 | 2.220 | 2.252 | 2.479 | 2.565 |
| Change (%) | -3.83% | - | +1.44% | +11.67% | +15.54% |
| Change | -0.085 | - | +0.032 | +0.259 | +0.345 |
| Level | Intermediate | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.032 | 2.083 | 2.127 | 2.178 | 2.222 | 2.273 | 2.317 |
| Camarilla | 2.144 | 2.153 | 2.161 | 2.170 | 2.179 | 2.187 | 2.196 |
| Woodie | 2.028 | 2.081 | 2.123 | 2.176 | 2.218 | 2.271 | 2.313 |
| Fibonacci | 2.083 | 2.120 | 2.142 | 2.178 | 2.215 | 2.237 | 2.273 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.738 | 1.937 | 2.053 | 2.252 | 2.368 | 2.567 | 2.683 |
| Camarilla | 2.083 | 2.112 | 2.141 | 2.170 | 2.199 | 2.228 | 2.257 |
| Woodie | 1.698 | 1.916 | 2.013 | 2.231 | 2.328 | 2.546 | 2.643 |
| Fibonacci | 1.937 | 2.057 | 2.131 | 2.252 | 2.372 | 2.446 | 2.567 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.198 | 1.667 | 1.913 | 2.382 | 2.628 | 3.097 | 3.343 |
| Camarilla | 1.963 | 2.029 | 2.095 | 2.160 | 2.226 | 2.291 | 2.357 |
| Woodie | 1.088 | 1.611 | 1.803 | 2.326 | 2.518 | 3.041 | 3.233 |
| Fibonacci | 1.667 | 1.940 | 2.109 | 2.382 | 2.655 | 2.824 | 3.097 |
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): | 65.52 | |
| MACD (12,26,9): | 0.0040 | |
| Directional Movement: | 27.619 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 2.213 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.189 | |
| Elder Ray (13): | 0.010 | |
| Super Trend (3,10): | 2.206 | |
| Zig ZAG (10): | 2.220 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 100.00 | |
| TEMA (21): | 2.216 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.025 | |
| Repulse (5,40,3): | 0.4940 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0220 | |
| Courbe Coppock: | 0.88 |
| MA7: | 2.274 | |
| MA20: | 2.434 | |
| MA50: | 2.477 | |
| MA100: | 2.836 | |
| MAexp7: | 2.216 | |
| MAexp20: | 2.208 | |
| MAexp50: | 2.201 | |
| MAexp100: | 2.197 | |
| Price / MA7: | -2.37% | |
| Price / MA20: | -8.79% | |
| Price / MA50: | -10.38% | |
| Price / MA100: | -21.72% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.54% | |
| Price / MAexp50: | +0.86% | |
| Price / MAexp100: | +1.05% |
Quotes :
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10 min delayed data
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NYMEX E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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