The Hourly View for Natural Gas
- At the time of this writing, NG1’s price is up $0 (0.04%) from the hour prior.
- This move is a reversal from the hour prior, which saw price move down.
- Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
- Of note is that the 20 hour changed directions on NG1; it is now pointing down. 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.
The Daily View for Natural Gas
- Currently, NG1’s price is up $0.03 (0.55%) from the day prior.
- It’s been a feast for bears operating on the daily timeframe, as Natural Gas has now gone down 12 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.
- The moving averages on the daily 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.
Below is a daily price chart of Natural Gas.
Featured Natural Gas Idea From TradingView
Below is a trading comment entitled US Inflation, Gas Pumping up, IEA Report & Apple Shame you may find interesting:
The main event of yesterday was the publication of data on consumer inflation in the United States. Markets looked at this data with frank apprehension ahead of the FOMC meeting (the decision will be announced on September 22). Formally, buyers got an excuse to breathe out with some relief, as the numbers turned out to be lower than experts’ expectations: 0.3% m / m against the forecast of 0.4% m / m. But there is really nothing to be happy about: on an annualized basis, consumer inflation in the United States increased by 5.3%, which, although lower than the previous value of 5.4%, is still 2.5 (!) times higher than the Fed’s target.There is no reason to hope for an imminent sharp drop in inflation without active action by the Fed: prices on commodity markets are going off scale, especially for energy assets, to which consumer prices are especially sensitive. And in a recent study by the Federal Reserve Bank of New York, consumer expectations for medium-term inflation are at their highest on record.Speaking of energy assets. Natural gas prices continued to enjoy mas…