Natural Gas Enters Today Down -6.71%

The Hourly View for Natural Gas

  • At the time of this writing, NG1’s price is down $0 (0%) from the hour prior.
  • Natural Gas has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Natural Gas’s hourly price chart is shown below.

NG1

The Daily View for Natural Gas

  • Currently, NG1’s price is down $-0.42 (-6.71%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • Of note is that the 20 day changed directions on NG1; it is now pointing down. 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 Idea From TradingView

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