Natural Gas Enters Today Down -0.32%

The Hourly View for Natural Gas

  • Currently, NG1’s price is up $0 (0.06%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Natural Gas’s hourly price chart is shown below.

NG1

The Daily View for Natural Gas

  • Currently, NG1’s price is down $-0.01 (-0.32%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Natural Gas has now gone down 13 of the past 14 days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, so that price is now turning below it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Natural Gas.

NG1

Featured Natural Gas Commentary From Twitter

Wisdom of the Crowds [Ep. 98]
🇺🇸 labor shortage (does it exist?)
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⚡️lightning round: AUD CNY Au/Ag RRP ECB NG1 & BoE

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EmilKalinowski