Natural Gas (NG1) Down $0.01 On 4 Hour Chart, Fares the Worst Out of energy commodity; Pin Bar Pattern Appearing on Chart

Natural Gas 4 Hour Price Update

Updated January 14, 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

The back and forth price flow continues for Natural Gas, which started today off at 2.727 US dollars, down 0.94% ($0.03) from the day prior. 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.

NG1

Natural Gas Technical Analysis

The first thing we should note is that 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. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Natural Gas’s price has gone up 8 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.