Natural Gas 4 Hour Price Update
Updated February 23, 2021 01:54 AM GMT (09:54 PM EST)
The choppiness in the recent four-hour candle price action of Natural Gas continues; to start the current 4 hour candle, it came in at a price of 2.598 US dollars, down 0.23% ($0.01) since the previous 4 hours. 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 previous 4 hours.
Natural Gas Daily Price Recap
Natural Gas is down 3.78% ($0.12) since the day prior, marking the 3rd 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. The daily price chart of Natural Gas below illustrates.
Natural Gas Technical Analysis
Coming into today the current price of Natural Gas is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. For another vantage point, consider that Natural Gas’s price has gone down 17 of the previous 30 trading days.