Natural Gas (NG1) Down $0.01 On 4 Hour Chart, Entered Today Up 2.97%; Price Base in Formation Over Past 90 Days

Natural Gas 4 Hour Price Update

Updated April 28, 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 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 came into today up 2.97% ($0.08) from the open of yesterday, marking the 2nd day in a row an upward move has occurred. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 2nd since yesterday in terms of percentage price change. The daily price chart of Natural Gas below illustrates.

NG1

Natural Gas Technical Analysis

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 14 days Natural Gas’s price has gone up 10 them.