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

Natural Gas 4 Hour Price Update

Updated May 25, 2021 01:53 AM GMT (09:53 PM EST)

The back and forth price flow continues for Natural Gas, which started the current 4 hour candle off at 2.598 US dollars, down 0.23% ($0.01) from 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 yesterday down 0.69% ($0.02); this denotes the 5th consecutive day a decline has happened. On a relative basis, Natural Gas was the worst performer out of all 6 of the assets in the energy commodity asset class today. Here is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

The first thing we should note is that Natural Gas is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Natural Gas’s price has gone down 9 of the previous 14 trading days.