Natural Gas Daily Commodity Futures Price Chart: Jan. 2016 : NYMEX

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Daily Commodity Futures Price Chart: Jan. 2016

Natural Gas (NYMEX)

TFC Commodity Charts


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Contract Specifications:NG,NYMEX
Trading Unit: 10,000 million British thermal units (mmBtu)
Tick Size: $0.001 (0.1 c) per MMBtu ($10 per contract)
Quoted Units: US $ per mmBtu
Initial Margin: $9,788   Maint Margin: $7,250
Contract Months: All 12 months.
First Notice Day: Business day after last trading day.
Last Trading Day: Trading terminates three business days prior to the first calendar day of the delivery month.
Trading Hours: 10:00 A.M. - 2:30 P.M., for the open outcry session.
Electronic: 3:15 P.M. on Mondays through Thursdays and concluding at 9:00 A.M. the following day. On Sundays, the session begins at 7:00 P.M. All times are New York time.
Daily Limit: $3.00 per mmBtu ($30,000 per contract)

Analysis

Thu 9/18/14

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an oversold condition. An oversold reading occurs when the close is nearer to the bottom band than the top band.

Additional Analysis: The market is in oversold territory.

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Short Term: Even though based on conventional interpretation the market is technically bullish, we will not classify it as extremely bullish until the following occurs: price goes above the fast moving average, price goes above the slow moving average.

Conventional Interpretation - Long Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Long Term: Even though based on conventional interpretation the market is technically bullish, we will not classify it as extremely bullish until the following occurs: price goes above the fast moving average, price goes above the slow moving average.

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is below the moving average so the trend is down.

Additional Analysis: CAUTION: The market trend has changed direction. Now the market trend is DOWN!

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 48.90). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat oversold (RSI is at 48.90). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence here before getting too bullish here.

Stochastic - Fast Indicator:

Conventional Interpretation: The SlowK line crossed below the SlowD line; this indicates a sell signal.

Additional Analysis: The long term trend is DOWN. The short term trend is DOWN. SlowK was down this bar for the second bar in a row. We may have seen the top of the up move for a while. The market looks weak both long term and short term. The SlowK is at (49.57). A good downward move is possible without SlowK being oversold.

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is bullish because the SlowK line is above SlowD line.

Additional Analysis: The long term trend is DOWN. The short term trend is DOWN. SlowK was down this bar for the first time in a while. Its possible that we may see a down move here. if next bar's SlowK is also down, then a possible top may have been established. The market looks weak both long term and short term. The SlowK is at (65.71). A good downward move is possible without SlowK being oversold.

Swing Index Indicator:

Conventional Interpretation: The swing index is most often used to identify bars where the market is likely to change direction. A signal is generated when the swing index crosses zero. No signal has been generated here.

Additional Analysis: No additional interpretation.

Volatility Indicator: Volatility is trending up based on a 9 bar moving average.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is DOWN. The short term market trend, based on a 5 bar moving average, is UP. Volume is trending lower. In general this is bearish.

ADX Indicator:

Conventional Interpretation: ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is falling.

Additional Analysis: The long term trend, based on a 45 bar moving average, is down. ADX has turned down, indicating a deterioration in the current downtrend. Look for the market to get a bit choppy here as the market attempts to establish a new trend.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (-8.91) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (-8.91) has crossed below zero, issuing a signal to liquidate long positions and initiate short positions.

DMI Indicator:

Conventional Interpretation: DMI signals a bearish trade when the DMI+crosses below the DMI-, as it has here.

Additional Analysis: DMI has signaled a bearish trade. However, the ADX has weakened making this trade less attractive. Look for outside confirmation before taking a bearish position here, or wait for an upturn in ADX.

MACD Indicator:

Conventional Interpretation: MACD is in bullish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. MACD is in bullish territory. However, the recent downturn in the MacdMA may indicate a short term decline within the next few bars.

Momentum Indicator:

Conventional Interpretation: Momentum (0.04) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. Momentum is indicating an overbought market, and appears to be slowing. A modest downturn is possible here.

Open Interest Indicator: Open Interest is trending up based on a 9 bar moving average. This is normal as delivery approaches and indicates increased liquidity.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (1.05) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. Rate of Change is indicating an overbought market, and appears to be slowing. A modest downturn is possible here.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

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