Natural Gas (NG1) Down $0.01 On 4 Hour Chart, Entered Today Up For the 4th Straight Day; Crosses 20 Day Moving Average

Natural Gas 4 Hour Price Update

Updated March 30, 2021 01:54 AM GMT (09:54 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. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since the last 4 hour candle in terms of percentage price change.

Natural Gas Daily Price Recap

Natural Gas is up 1.3% ($0.03) since the day prior, marking the 4th straight day an increase has occurred. 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. The daily price chart of Natural Gas below illustrates.

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. 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 down over that time. Price action traders in particular will want to note that the 90 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 7 out of the past 10 days.