Londinia Opportunities Analyses - 06/09/2023 (GMT) NATURAL GAS - 1H

- USD (-)

- 10 min delayed data - NYMEX Futures

Type:	Commodities
Ticker:	NG
ISIN:

Londinia

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FX/Indices
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 2.317 USD

My targets

2.357 USD (+1.12%)

2.410 USD (+3.39%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NATURAL GAS as long as the price remains well above 2.317 USD. The buyers' bullish objective is set at 2.357 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.410 USD. If there is any crossing, the next objective would be the resistance located at 2.448 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

7.3

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

NATURAL GAS rating 2.331 USD. On the day, this instrument lost -0.89% and was between 2.308 USD and 2.338 USD. This implies that the price is at +1.00% from its lowest and at -0.30% from its highest.

2.308

2.338

2.331

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of NATURAL GAS indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.173	2.261	2.317	2.331	2.357	2.410	2.448
Change (%)	-6.78%	-3.00%	-0.60%	-	+1.12%	+3.39%	+5.02%
Change	-0.158	-0.070	-0.014	-	+0.026	+0.079	+0.117
Level	Minor	Major	Intermediate	-	Intermediate	Intermediate	Minor

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
Standard	2.190	2.233	2.293	2.336	2.396	2.439	2.499
Camarilla	2.324	2.333	2.343	2.352	2.361	2.371	2.380
Woodie	2.198	2.237	2.301	2.340	2.404	2.443	2.507
Fibonacci	2.233	2.273	2.297	2.336	2.376	2.400	2.439

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.744	1.940	2.056	2.252	2.368	2.564	2.680
Camarilla	2.086	2.115	2.143	2.172	2.201	2.229	2.258
Woodie	1.704	1.920	2.016	2.232	2.328	2.544	2.640
Fibonacci	1.940	2.059	2.133	2.252	2.371	2.445	2.564

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.205	1.671	1.914	2.380	2.623	3.089	3.332
Camarilla	1.963	2.028	2.093	2.158	2.223	2.288	2.353
Woodie	1.095	1.615	1.804	2.324	2.513	3.033	3.222
Fibonacci	1.671	1.942	2.109	2.380	2.651	2.818	3.089

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	55.10
MACD (12,26,9):	0.0030
Directional Movement:	7.331
AROON (14):	-85.714
DEMA (21):	2.328
Parabolic SAR (0,02-0,02-0,2):	2.352
Elder Ray (13):	0.008
Super Trend (3,10):	2.368
Zig ZAG (10):	2.331
VORTEX (21):	1.0020
Stochastique (14,3,5):	52.83
TEMA (21):	2.324
Williams %R (14):	-33.33
Chande Momentum Oscillator (20):	0.013
Repulse (5,40,3):	0.4360
ROCnROLL:	1
TRIX (15,9):	0.0160
Courbe Coppock:	0.01

MA7:	2.264
MA20:	2.419
MA50:	2.456
MA100:	2.764
MAexp7:	2.326
MAexp20:	2.323
MAexp50:	2.311
MAexp100:	2.296
Price / MA7:	+2.96%
Price / MA20:	-3.64%
Price / MA50:	-5.09%
Price / MA100:	-15.67%
Price / MAexp7:	+0.21%
Price / MAexp20:	+0.34%
Price / MAexp50:	+0.87%
Price / MAexp100:	+1.52%

Quotes : - 10 min delayed data - Futures NYMEX

News

The latest news and videos published on NATURAL GAS at the time of the analysis were as follows: