Natural Gas (NG1) Down $0.01 On 4 Hour Chart, in a Downtrend Over Past 14 Days; Price Base in Formation Over Past 90 Days

Natural Gas 4 Hour Price Update

Updated March 25, 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. 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

The choppiness in the recent daily price action of Natural Gas continues; to start today, it came in at a price of 2.518 US dollars, up 0.4% ($0.01) since the day prior. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since the day prior in terms of percentage price change. The daily price chart of Natural Gas below illustrates.

NG1

Natural Gas Technical Analysis

Coming into today Natural Gas is now close to its 200 day moving averages, which may act as price barrier for the asset. 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 14 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 another vantage point, consider that Natural Gas’s price has gone down 9 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.