Natural Gas (NG1) Down $0.01 On 4 Hour Chart, Fares the Worst Out of energy commodity; 5 Day Up Streak Snapped

Natural Gas 4 Hour Price Update

Updated January 11, 2021 12:49 PM GMT (08:49 AM EST)

2.598 was the closing price of the four-hour candle for Natural Gas, resulting in the current 4 hour candle being one in which price moved 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 is down 1.06% ($0.03) since the previous day, marking a reversal from the day prior — and the end of a 5 day positive run. On a relative basis, Natural Gas was the worst performer out of all 6 of the assets in the energy commodity asset class today. Let’s take a look at the daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

Coming into today the current price of Natural Gas is sitting close to its 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 additional context, note that price has gone up 6 out of the past 10 days.