Natural Gas (NG1) Down $0.01 in Last 4 Hours, Tops All energy commodity; Price Base in Formation Over Past 14 Days

Natural Gas 4 Hour Price Update

Updated May 27, 2021 01:53 AM GMT (09:53 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 yesterday up 1.78% ($0.05); this denotes the 2nd day in a row an upward move has occurred. Natural Gas outperformed all 6 assets in the energy commodity asset class since yesterday. Below is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

The first thing we should note is that 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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 14 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 17 out of the past 30 days.