Natural Gas 4 Hour Price Update
Updated April 22, 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 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 closed the day prior down 1.28% ($0.03); this denotes the 2nd day in a row it has gone down. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 2nd for the day in terms of price change relative to the day prior. Below is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
First things first: Natural Gas crossed below its 50 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 10 days Natural Gas’s price has gone up 7 them.