Natural Gas (NG1) Down $0.01 in Last 4 Hours, 3 Day Up Streak Snapped; Price Base in Formation Over Past 90 Days

Natural Gas 4 Hour Price Update

Updated April 21, 2021 01:54 AM GMT (09:54 PM EST)

2.598 was the closing price of the four-hour candle for Natural Gas, resulting in the current 4 hour candle being one in which price moved down 0.23% ($0.01) from the previous 4 hours. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since the previous 4 hours in terms of percentage price change.

Natural Gas Daily Price Recap

Natural Gas’s 3 day positive streak has officially concluded, as the candle from the day prior closed down 0.8% ($0.02). Relative to other instruments in the energy commodity asset class, Natural Gas ranked 4th since the day prior in terms of percentage price change. Below is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

Coming into today Natural Gas is now close to its 50 and 100 day averages, located at 2.71 and 2.68 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 8 out of the past 10 days.