Natural Gas (NG1) Down $0.01 On 4 Hour Chart, Entered Today Up 0.95%; Crosses 20 Day Moving Average

Natural Gas 4 Hour Price Update

Updated May 31, 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 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 entered today at $2.986, up 0.95% ($0.03) from the day prior. Natural Gas outperformed all 6 assets in the energy commodity asset class since the day prior. Here is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Natural Gas crossed above its 20 day moving average yesterday. 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. 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 up 16 of the previous 30 trading days.