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

Natural Gas 4 Hour Price Update

Updated April 05, 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. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since the previous 4 hours 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 2.639 US dollars, up 1.19% ($0.03) from yesterday. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since yesterday in terms of percentage price change. Below is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

The first thing we should note is that Natural Gas is now close to its 20 and 100 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 up 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 down 19 out of the past 30 days.