Natural Gas (NG1) Down $0.01 in Last 4 Hours, Came Into Today Up For the 2nd Straight Day; in an Uptrend Over Past 14 Days

Natural Gas 4 Hour Price Update

Updated May 04, 2021 01:53 AM GMT (09:53 PM EST)

Natural Gas entered the current 4 hour candle at $2.598, down 0.23% ($0.01) from the last 4 hour candle. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since the last 4 hour candle in terms of percentage price change.

Natural Gas Daily Price Recap

Natural Gas is up 1.19% ($0.04) since the previous day, marking the 2nd straight day an increase has occurred. Those trading within the energy commodity asset class should know that Natural Gas was the worst performer in the class today. The daily price chart of Natural Gas below illustrates.

NG1

Natural Gas Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. 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. Or to view things another way, note that out of the past 10 days Natural Gas’s price has gone up 6 them.