Natural Gas 4 Hour Price Update
Updated July 16, 2021 01:54 AM GMT (09:54 PM EST)
The choppiness in the recent four-hour candle price action of Natural Gas continues; to start the current 4 hour candle, it came in at a price of 2.598 US dollars, down 0.23% ($0.01) since the last 4 hour candle. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 5th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Natural Gas Daily Price Recap
Natural Gas closed the day prior down 1.26% ($0.05); this denotes the 3rd straight day it has gone down. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 2nd since the day prior in terms of percentage price change. Here is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
Coming into today the current price of Natural Gas is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Natural Gas has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Natural Gas’s price has gone down 6 them.